Apple reported record revenue of $94 billion for the third quarter, a 10% increase year over year. The company has sold 3 billion iPhones since their launch in 2007, with 2 billion sold in the last nine years. The iPhone business reported revenue of $44.6 billion in Q3, accounting for 47% of total revenue. This growth positions the iPhone division to exceed $200 billion this fiscal year. Despite declines in other product areas, the successful launch of models like the iPhone 16 and 16e has solidified the iPhone's significance to Apple's overall performance.
Apple reported revenue of $94 billion for the third quarter, marking a 10% year-over-year increase, and highlighting strong growth in the iPhone business.
The company sold its 3 billionth iPhone since launch in 2007, with 2 billion units sold since reaching 1 billion in 2016, reflecting significant growth.
The iPhone division achieved $44.6 billion in revenue for Q3, reinforcing its importance as Apple's most significant product, contributing 47% to total revenue.
With the iPhone business on track to surpass $200 billion in the fiscal year, analysts are closely monitoring Apple's upcoming iPhone announcements for additional growth.
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