The iPhone May Have Bounced Back
Despite no shortage of headlines proclaiming that Apple’s days as an iPhone company were over, the Cupertino tech giant’s flagship product doesn’t seem done quite yet. Apple reported iPhone revenues of $56 billion during the holiday quarter, up 8% year-over-year.
Importantly, that makes this the second-best quarter in history for iPhone revenue. (The first best was $61.6 billion in the same quarter two years ago.) And, as Apple notes, the difference was more than made up by strong growth in both Wearables and Services.