Apple posts ‘best March quarter’ with iPhone sales up 21.6pc
Apple posts ‘best March quarter’ with iPhone sales up 21.6pc
https://www.siliconrepublic.com/business/apple-posts-best-march-quarter-with-iphone-sales-up-21-6pc
Publish Date: 2026-05-01 03:47:00
Source Domain: www.siliconrepublic.com
Despite geopolitical instabilities, Apple managed a double-digit growth across all its geographic segments.
Apple posted its “best March quarter ever”, according to outgoing CEO Tim Cook, with a revenue of $111.2bn – up 17pc year on year. The company managed a 16pc revenue jump in its previous quarter, reporting a $143.8bn “record” revenue.
Despite geopolitical instabilities threatening the company’s supply chain, Apple, this quarter, managed a double-digit growth across all its geographic segments. Overall, net sales grew by around 16.6pc, with products and services showing 16.7pc and 16.2pc growth respectively.
“iPhone achieved a March quarter revenue record, fuelled by such extraordinary demand for the iPhone 17 lineup,” Cook said. New additions to its product line-up this quarter include the latest in its more affordable iPhone ‘e’ series, the new iPad Air powered by its in-house M4 chips, alongside the new MacBook Neo – which saw an overall positive reception from reviewers.
iPhone sales grew 21.6pc quarter over quarter to nearly $60bn, while Mac grew 5.6pc and Apple services, including iCloud, App Store and Apple Pay, grew 16.2pc.
“Continued strong customer demand for our products and services once again helped us achieve a new all-time high for our installed base of active devices across all major product categories and geographic segments,” said Apple’s chief financial officer Kevan Parekh.
The quarter past generated more than $28bn in operating cash flow. Company shares rose 2.7pc in after-hours trading.
Earlier this month, Apple announced that Cook will be stepping down as CEO after 15 years in the role, handing his position to senior vice president of hardware engineering John Ternus. In the earnings call yesterday, Cook told investors that the transition “is the right one”.
“Our roadmap is incredible,” he said. “And most importantly, we have the right leader ready to step into…
