Apple Sets New Record, Reports iPhone Sales Of USD 39.6 Billion In June Quarter

Apple's CFO said despite supply constraints for Macs, we posted a June quarter sales record of US$8.2 Billion for it, up 16 percent from last year.

New Delhi: Apple CEO Tim Cook shared that iPhone sales revenue hit a record of USD 39.6 Billion in the June quarter, with a 50 percent year-on-year growth. Expectations have been exceeded Apple's iPhone 12 is selling like hot cakes over the world, including India. Tim Cook said on Tuesday, "In this quarter, we have seen a very strong double-digit growth everywhere for the iPhone and we are excited by the feedback from our customers for the iPhone 12 lineup."

'Users are liking Apple's technology'
"We are only in the early stages of 5G, but this incredible performance and speed has already made a significant impact on how people can get the most out of our technology," Cook said. He added, 'customers love the iPhone 12 for its super fast 5G speed, A14 Bionic chip and Adobe Vision camera, which no other phone has ever had before'.

Record set in June quarter
Apple's CFO said despite supply constraints for Macs, we posted a June quarter sales record of USD 8.2 Billion for it, up 16 percent from last year. This exceptional level of sales success is driven by very enthusiastic customer feedback for our new Mac, which is powered by Apple's own M1 chip. The chip, which we have recently added in our newly designed iMac. In the services vertical, Apple has reached an all-time revenue record of USD 17.5 Billion.

Increased demand for paid subscriptions
The company reported that the strong growth in paid subscription continues. There are now over 700 million paid subscriptions to the service on our platform, which is almost 150 million more from last year and we have almost quadrupled the number of paid subscriptions just in the last four years. Despite significant supply constraints, iPad's sales were also up 12 percent, with revenues of USD 7.4 Billion. Apple said, with the M1 powered MacBook Air, it has rapidly increased its revenue in comparison to several other companies.