ticked up 5%. The iPad sales increased from $5.8 billion to $7.2 billion year-over-year. iPad sales offset a drop in iPhone income, from $39.7 billion to $39.3 billion, year on year.
The company rose by 5% every year to $85.8 billion. The final result was a profit of $21.45 billion, around 8% higher than last year. iPhone sales went down by 1% year-on-year to around $39.3 billion. The company eclipsed the expectations of specialists, who had expected less than $39 billion.
Even if there was a drop for the quarter, iPhone sales remained Apple’s most important sales by a wide edge. These sales are followed by service, which includes software offerings like iCloud, Apple TV+, and Apple Music. The iPhone category is growing continuously. They rose to $24.2 billion from $21.2 billion over the same three-month period last year.
On May 7th, the new Apple iPad was launched. According to Sunrisegeek, Apple revealed new iPad Pro, iPad Air, iPad, and iPad mini models. The new Apple iPad models are easier to use and provide an intuitive experience. They have an OLED interface and M4 chips for the iPad Pro. Also, with the new iPad, they declared to bring some AI-powered features.
Apple lost market share in China, the biggest smartphone market. Their local rival, Huawei is gaining ground. The iPhone sales, Apple iPad, and other products had decreased 6% to $14.73 billion. The company discounted the prices of iPhone sales in China starting in May. This strategy resulted in strong iPhone sales, up to 40% from the previous year.
The United States licenses have marginalized the Huawei Group. They cut off access to software and components from companies like Google and Qualcomm. The company has discovered a substantial rebound in their home country after they started producing their chips as Android does.
Canalys figures illustrate a 41% year-over-year increase for the quarter. Huawei’s sales in China exceeded Apple’s, reaching 10.6 million. Despite that, the iPad was the star after Apple launched the new models. Sales of the iPad jumped by almost a quarter year-on-year to $7.16 billion.
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