Overview
- Apple guided March-quarter revenue growth of 13% to 16% year over year and projected gross margin of 48% to 49%.
- iPhone revenue reached a record $85.3 billion, up 23% from a year earlier, with all-time highs across regions including Greater China.
- Services revenue hit an all-time high of $30.0 billion, supported by a growing ecosystem of more than 2.5 billion active devices.
- Supply continues to trail demand due to processor manufacturing constraints at partners, with no public timeline for catch-up.
- Apple is advancing its AI strategy through a multi-year collaboration with Google’s Gemini to support foundation models and a more personalized Siri.