Apple reports strong iPhone revenue amid supply and cost pressures
Technology · First reported 2 Nov, 22:22 · Updated 15:31
Apple’s latest quarter included $57.6 billion in iPhone revenue, while coverage also highlighted supply constraints for the iPhone Duo and rising memory costs.
- iPhone revenue rose almost 18% to $57.6 billion, faster than Apple’s overall revenue growth of 12%.
- Apple CEO John Ternus said iPhone Duo supply remained constrained and did not predict when supply and demand would balance.
- The coverage also described pressure from memory costs and possible gross-margin declines, alongside reports of display returns and Apple’s work to meet Duo demand.
Summary written by Lux AI from 2 articles
Key facts
- iPhone revenue
- $57.6 billion, up almost 18% in the reported quarter.
- Apple total revenue
- $114.5 billion, up 12%.
- Gross margins
- Apple warned margins would fall from 47% to about 45%.
- Duo supply
- Ternus said supply was constrained and gave no date for when supply and demand would balance.
- Siri requests
- The rebuilt Siri handles 2.5 billion requests daily, according to the article.
Source spectrum
Left 0 · Centre 2 · Right 0 of 2 rated sources
Background
- Earlier coverage summarized Apple’s fiscal Q4 revenue as $114.5 billion, up 12%, with iPhone and Services sales higher year over year and iPad and Wearables, Home and Accessories sales lower.
- An earlier Lux summary noted that coverage highlighted iPhone sales and Apple’s quarterly results, while differing in emphasis on product releases and leadership.
All coverage
Coverage over time
LeftCentreRight
Articles per hour since first reported, by side.
Ownership
- Unknown 50% (1)
- Corporation 50% (1)
Share of the 2 sources by owner type.