Apple has reported a record-breaking quarterly revenue of $111.2 billion, marking a 17% year-on-year growth. This solidifies the company's momentum ahead of its leadership transition, with Tim Cook set to hand over the reins to John Ternus on September 1.
The company's product portfolio has seen significant growth, with iPhone revenue up 22%, Mac revenue increasing 6%, iPad revenue rising 8%, and wearables and services growing 5% and 16% respectively.
In contrast, Meta reported a decline in 'Family Daily Active Users' by 20 million, despite a revenue growth of $14 billion year-on-year to $56.3 billion.
Apple's robust numbers are expected to continue into the summer, with the company set to unveil new products and features at its annual Worldwide Developer Conference (WWDC).
The company's CFO, Kevan Parekh, noted that the March quarter generated a record $28 billion in operating cash flow, with the iPhone returning almost $57 billion in revenue, up from $46.8 billion last year.
Apple's affordable price tag for the MacBook Neo, starting at ₹69,900 in India, has been a major draw for customers, with the product selling higher than expected.
