Apple reported third-quarter 2024 financial results that beat Wall Street expectations. The company’s total revenue rose 5%, but iPhone sales fell from $39.7 billion to $39.3 billion annually, driven primarily by China, where sales fell from $15.8 billion to $14.7 billion. reports TechCrunch post.
Meanwhile, iPad tablet sales also grew significantly, rising from $5.8 billion to $7.2 billion year-over-year. The growth was driven by strong device updates at the beginning of the year. Strong demand for iPads helped offset declining iPhone revenue.
Services like iCloud, Apple TV+ and Apple Music are also continuing to grow, with revenues rising to $24.2 billion from $21.2 billion in the same three-month period last year. Services have become Apple’s second-most profitable business after the iPhone.
The company also announced significant investments in the development of Apple Intelligence, a generative AI strategy that was introduced at WWDC in June. CEO Tim Cook noted that the company has invested significant resources in the development of this technology.
It was there before named Regions of Russia whose residents will save the fastest on buying an iPhone 15 Pro.
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Source: Gazeta
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