Apple surpassed Wall Road expectations and mentioned it had reached an all-time excessive in companies income and set a brand new March quarter document for iPhone income in a report on its second quarter earnings on Thursday. The numbers present continued demand for the iPhone 14 lineup at the same time as substantial upgrades (together with USB-C connectivity) strategy this fall. However Apple’s different divisions, together with Mac and iPad, have been down 12 months over 12 months.
“We’re happy to report an all-time document in companies and a March quarter document for iPhone regardless of the difficult macroeconomic surroundings, and to have our put in base of energetic units attain an all-time excessive,” CEO Tim Cook dinner mentioned within the firm’s earnings launch. He advised CNBC in an interview that, in contrast to different tech heavyweights which have laid off tens of hundreds of staff in current months, Apple isn’t contemplating broad cuts. “I view that as a final resort and, so, mass layoffs isn’t one thing that we’re speaking about at this second,” Cook dinner mentioned.
PC gross sales have skilled a bruising hunch in current months, with IDC and Canalys each reporting that worldwide shipments dropped by round 30 p.c within the first quarter of 2023. Apple was the toughest hit amongst all main manufacturers as shoppers proceed to chop down on gadget spending following a pandemic growth.
“There’s actually two causes for that,” Cook dinner advised CNBC when discussing Mac income. “One is the macro scenario basically. And the opposite is the place we’re nonetheless evaluating to the very tough evaluate of the M1 MacBook Professional 14 and 16-inch from the year-ago quarter.” These MacBooks got here with all-new designs, whereas the M2-based revisions have been only a spec bump.
The corporate is rumored to be introducing a 15-inch MacBook Air and different machines within the coming weeks, which may give Mac gross sales some much-needed momentum. iPad income was down 13 p.c in comparison with the year-ago quarter, and Apple’s wearables class fell by 1 p.c.
Apple will kick off its annual builders convention in early June and is predicted to showcase the newest main releases of iOS, iPadOS, macOS, wearOS, and tvOS. However extra importantly, the WWDC keynote will mark the debut of Apple’s long-awaited combined actuality headset. As the primary new main {hardware} class for Apple for the reason that Apple Watch, rumors have mentioned the high-tech headset will function superior eye and hand monitoring, provide assist for a lot of current apps, and it may promote for a worth upwards of $3,000.