Apple reported that iPhone sales rose 11% year-over-year during the fiscal first quarter of 2022 while Services revenue soared 24%.
set a record during the three months from October through December by reporting revenue of $123.9 billion which easily topped Wall Street estimates of $118.66 billion, and was 11% higher than the top line of $111.4 billion recorded during the same period last year.Let's go right to the device that everyone wants to know about, the iPhone. The surging smartphone took in $76.63 billion which surpassed Wall Street's guess of $68.34 billion.
Wearables, Home and Accessories, the business segment that includes the Apple Watch and the AirPods, took in $14.70 billion in the quarter vs. $12.97 last year. That works out to an increase of 13.34% year-over-year.Apple's Services unit, which includes a wide variety of offerings including the App Store, Apple Pay, Apple Music, Apple TV+, Apple Care+, Apple News, and more, saw revenue rise from $15.75 billion last year to $19.52 billion this year.
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