iPhone revenue breaks March record

Apple’s second fiscal quarter earnings, which corresponds to the first calendar quarter of 2023, shows iPhone revenue reached a record $51.3 billion for the period

TEN YEARS OF APPLE FISCAL Q2 REVENUE (billions) 

$100 80 60 40 20 0

2014 15 16 17 18 19 20 21 22 2023

$94.8bn
iPhone: $51.3bn
iPad: $6.7bn
Wearables, Home and Accessories: $8.8bn
Services: $20.9bn
Mac: $7.2bn

8 54 7 9 22 2023%

Last appearance of iPod earnings

ALL EYES ON INDIA
Apple CEO Tim Cook (right), sees India as huge iPhone market with potential to become major manufacturing hub – reducing reliance on China, amid worsening political tensions

IPHONE MANUFACTURING SITES
Foxconn 
Pegatron 
Wistron 
Contribution to iPhone production (2021)
                                                                                
BRAZIL 1%
CHINA 98%
INDIA 1%
 
Note: Sum of categories is not exactly equal to fiscal Q2 earnings total due to rounding

Sources: Bloomberg, MacRumors, Apple Illustration source: Getty Images © GRAPHIC NEWS