DIGITAL ECONOMY · ANALYSIS
Apple reports record iPhone revenue despite component pressures
Apple reports an increase in iPhone revenue and total revenue in the fourth quarter. Higher prices accompany this growth, while the company remains unable to specify when iPhone Duo supply will meet demand.
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Apple announced fourth-quarter iPhone revenue of $57.58 billion on Monday, up 17% year over year, according to The Verge. Total revenue reached $114.5 billion, an increase of 12%. These results follow a lineup refresh without a new standard iPhone model.
The iPhone 18 Pro and Pro Max launched in September at higher prices. Apple also raised prices for older models. This development calls for a distinction between revenue growth and sales volumes: the reported figures do not allow the respective contributions of prices and the number of devices sold to be isolated.
The company continues to face supply constraints and rising memory costs. According to another article by The Verge, its chief executive John Ternus cannot predict when iPhone Duo supply and demand will be balanced. Preorders for this foldable phone are not included in the results presented.
Other businesses show mixed trends. Mac revenue rose 24% to $10.79 billion, while iPad revenue fell 10% to $6.23 billion. The iPhone record thus accompanies uneven growth across products and does not, on its own, establish that manufacturing difficulties have been resolved.