Apple profit reaches new record in June quarter
Apple profit soared 30 per cent in the latest quarter, driven by services and accessories sales and higher-priced iPhones.
The company has reported a profit of US$11.5 billion in the three months to June 30 on sales up 17 per cent to $53.3 billion.
Asia played a key role, with all regions performing well. Apple China sales were up 19 per cent year on year at $9.551 billion. In Japan, sales rose 7 per cent to $3.867 billion and in the rest of Asia Pacific, sales were up 16 per cent to $3.167 billion
Globally, iPhone sales were up 20 per cent but iPad and Mac sales both fell 5 per cent.
“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said CEO Tim Cook.
Apple sold 41.3 million iPhones in the quarter. But it was its ‘other products’ category which showed the highest growth – sales of AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch and other Apple-branded and third-party accessories rose 37 per cent. Services, such as iTunes, games, apps and subscriptions rose by 31 per cent.