With the iPhone still accounting for 50% of Apple's quarterly revenue, it's no surprise that Apple's financial health is often gauged by how well the iPhone is doing quarter to quarter. It is, however, important to remember that efforts to measure the vibrancy of iPhone sales on a quarterly basis can sometimes present an inaccurate and misleading picture.
Cook explained: Keep in mind, as we described on the last call, in the March quarter a year-ago, we were able to replenish iPhone channel inventory and fulfill significant pent-up demand from the December quarter COVID-related supply disruptions on the iPhone 14 Pro and 14 Pro Max. We estimate this one-time impact added close to $5 billion to the March quarter revenue last year. If we remove this from last year's results, our March quarter total company revenue this year would have grown.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Heres When Red Sox Newcomer From Chris Sale Trade Will Make Team DebutThe Boston Red Sox recently acquired infielder may see the big leagues as soon as next week.
Source: SInow - 🏆 273. / 63 Read more »
US and Philippines fire HIMARS into South China Sea amid China tensionsU.S. and Philippine forces fired rockets into the South China Sea, as part of an exercise to practice repelling a maritime attack.
Source: dcexaminer - 🏆 6. / 94 Read more »
China, Phillippines trade blame over South China Sea skirmishChina claims almost the entire South China Sea, brushing off rival claims from other countries, including the Philippines.
Source: trtworld - 🏆 101. / 63 Read more »
China hosts foreign naval officials amid South China Sea tensionsThe Chinese Navy on Sunday kicked off a biennial meeting of top foreign naval officials in the port city of Qingdao, in a show of military diplomacy that will be closely watched for signs of more engagement between China and the United States.
Source: Reuters - 🏆 2. / 97 Read more »
China’s NBS: China's consumer inflation will recover mildlyFollowing the publication of the high-impact China’s activity data for March, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Biden, Marcos, and Kishida Hold Summit to Address China Threat in South China SeaPresident Joe Biden, President Ferdinand Marcos, Jr., and Prime Minister Kishida Fumio discuss the threat posed by communist China in the South China Sea during a summit. The meeting marks the first of its kind involving the three countries.
Source: BreitbartNews - 🏆 610. / 51 Read more »