Apple will release $ 76 billion in quarterly revenue during the quarter
Apple is expected to release tremendous results in the second quarter, with revenue of $ 76.6 billion, which will make it the standard narrative for the company.
Apple’s consensus in recent years is that the iPhone manufacturer is pushing for services and software because hardware sales are already saturated. For example, when customers typically hold a new iPhone for four years, compared to three years in 2018, Apple is forced to find new sources of growth.
In 2020, the results showed this: in the March quarter, iPhone sales fell by almost 7%, while iPad and Mac sales were at a standstill. The expected 17% increase in services – the unit that includes the App Store, warranties and licensing offerings – was significant and created a profit pace.