Apple reported strong third-quarter earnings with iPhone sales jumping 22 percent to $54.25 billion and Mac sales increasing 29 percent to $10.35 billion, boosting total revenue to $109.4 billion. However, the company warned that supply chain constraints are expected to worsen significantly in the coming quarter, affecting iPhone, Mac, and iPad production.
In its third-quarter earnings report released Thursday, Apple demonstrated resilience in device sales despite ongoing global supply pressures. iPhone revenue reached $54.25 billion with a 22 percent year-over-year increase, while Mac sales grew 29 percent to $10.35 billion, contributing to Apple's overall quarterly revenue of $109.4 billion. Despite these gains, Chief Financial Officer Kevan Parekh indicated during the earnings call that Apple anticipates a significant deterioration in supply constraints over the next quarter, with the shortage expected to impact iPhone, Mac, and iPad product lines.
