Apple Posted Record Quarter Revenue of $124 Billion USD
During the period from October to December 2024, the company achieved an unprecedented peak in sales, breaking previous records. The introduction of the iPhone 16 models contributed significantly to this success, generating $69.1 billion USD in sales alone, despite a minor dip compared to the $69.7 billion USD in sales during the previous period ending in December 2023. In a meeting with investors, CEO Tim Cook highlighted that Apple had set a new record for iPhone users who opted to upgrade their devices. He stated, “We’ve never seen such a high number of upgraders before. The user base also reached an all-time high during this period. If you compare the 16 to the 15, which was launched in September, you’ll find that over two quarters from September to the end of the December fiscal quarter, the 16 outperformed the 15. This suggests that there are strong incentives for users to upgrade.