Apple is experiencing a few different issues that are part of our current economy situations, continuing factory shutdowns overseas, and more. The numbers were touted as large on many news sites this week, but the actual deep dive isn’t as bad as one might think. While iPhone revenue is off by $5 Billion due to iPhone 14 delivery issues, iPad sales are up by $3 Billion. Services are up about $1 Billion, but Macs are down by $3 Billion. For a company that’s still worth more than everyone else, for a company that is second in overall revenue only to Saudi Aramco, for a company that still only has a small corner of the personal computing market, they are doing quite well.
The report comes as others in tech have warned of weak demand.
Found at www.axios.com