Neither a global pandemic nor a supply chain crunch can stop Apple, based on the company’s Q1 2022 earnings report. Released today, the report showed Apple smashing many of its sales records once again, with $123.9 billion in overall revenue and $34.6 billion in profit.
A lot of that money was driven by the iPhone 13, as this was the first full quarter since that product line’s launch. When we reviewed the iPhone 13 lineup, we wrote that it doesn’t exactly reinvent the wheel with flashy new features, but it does give the people what they say they want: better cameras and more battery life.
Cameras and battery life seemed to resonate with buyers. iPhone revenue for the quarter was $71.63 billion, up 9 percent year-over-year. Also, Apple achieved a new record for smartphone market share in the critical China market: 23 percent. That made the company the top-selling smartphone brand in the country for the first time in years.
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