Following Apple’s report-location Q2 2022 earnings release, Apple CEO Tim Prepare dinner spoke with CNBC to offer some further specifics. In accordance to Prepare dinner, the Iphone attracted a “record level” of upgraders all through the quarter, and the number of persons switching from Android to Iphone also grew.
Speaking to CNBC, Cook dinner reported that the Apple iphone 13 cycle has established to “clearly be a strong cycle” for Apple. Iphone revenue grew from $47.88 billion in the very same quarter a 12 months back to $50.57 billion in Q2 2022, an boost of 5% 12 months in excess of yr.
Apple CEO Tim Cook dinner stated that the Iphone company experienced a profitable quarter with “switchers,” or people today who previously had an Android telephone but made the decision to obtain an Iphone.
“We experienced a history level of upgraders for the duration of the quarter and we grew switchers, powerful double digits,” Apple CEO Tim Cook told CNBC’s Steve Kovach. “It’s evidently a potent cycle,” Cook said.
Apple no more time studies device sales for any of its products, so we really don’t know just how a lot of Apple iphone units Apple sold throughout the quarter. It’s also important to be aware that Iphone development arrived amid ongoing supply chain concerns, despite the fact that Apple has weathered people struggles rather properly in regard to the Apple iphone.
Apple also mentioned its energetic set up foundation of all solution categories hit a new all-time high through Q2 2022.
You can come across our entire breakdown of Apple’s earnings suitable right here.
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