Apple’s success with the iPhone continues to be unabashed, as the tech giant announced Thursday that iPhone sales reached a record high for the March quarter, bringing in $51.3 billion in revenue.
There are now more than 1 billion active iPhones, Apple said Thursday, while reporting earnings for its fiscal second quarter that ended April 1.
iPhone sales are expected to continue, with the company likely launching the iPhone 15 lineup in the fall. The new phones are rumored to include a USB-C port instead of Lightning; dynamic island on all models; more RAM in the iPhone 15 Pro to make room for a possible A17 Bionic chipset; a periscope-style telephoto lens on the Pro Max; and a new luxury device called the iPhone 15 Ultra.
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Another bright spot in second-quarter earnings was Apple Services, the segment that includes the App Store, Apple TV Plus, Apple Music and Apple Arcade, which generated record quarterly revenue of $20.9 billion.
Apple doesn’t break down the numbers, so it’s not clear exactly how much each service contributes to the record. However, Apple revealed during its earnings call that it now has 975 million paid subscriptions for the services.
“We are thrilled to report an all-time services and quarterly record for iPhone despite a challenging macro environment, and that our active device installed base is at an all-time high,” said Apple CEO Tim Cook.
Overall, Apple’s total quarterly revenue was $94.8 billion, down 3% year over year. It comes against the backdrop of a tough economy that has seen other major tech companies lay off workers this year, including Amazonand Google, Microsoft, and Facebook’s parent company, Meta.
Apple said it is also “making great progress” in becoming carbon neutral by 2030.
Apple’s Worldwide Developers Conference on June 5 will likely see the company finally unveil its long-rumored AR/VR headset and showcase iOS 17, the next iteration of its iPhone operating system. It is rumored that iOS 17 will finally bring with it the ability to sideload apps on the iPhone.
Apple’s AR/VR headset has an expected release date this summer or fall, and it’s rumored to be similar to Meta’s Quest Pro, with an emphasis on action, mixed reality, and eye tracking.