“Today, Apple is proud to report a remarkable, record-breaking quarter, with revenue of $143.8 billion, up 16 percent from a year ago and well above our expectations,” said Tim Cook, Apple’s CEO. “iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world.”
Interesting that services revenue growth (+14% YoY) is less than overall revenue growth (+16% YoY).
It really shows the reliance on the iPhone for revenue growth remains, with iPhone giving 23% YoY revenue growth, while Mac and wearables declined YoY.
So what? Google has been plugging its phone with AI features blah blah. The vast majority dont care about AI to the extent its going to hurt Apple at all. They know that too. Hence they continue going-on and not dumping hundreds of billions into chasing AGI.