Mac revenue set a record for Apple, but will decline next quarter | Jobs Vox


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Mac sales were strong in Apple’s September quarter amid a slowdown in the PC market, but the company expects Mac revenue to slow in the fourth quarter from the same period in 2021.

Apple reported its earnings report on Thursday, October 27th, with positive revenue and product numbers. The company had record revenue of $90.1 billion in the September quarter of fiscal 2022, up 8% year-over-year.

Quarterly revenue sets new records for Mac

Quarterly revenue sets new records for Mac

It was a great quarter for Mac. Apple hit an all-time record of $11.5 billion in revenue, up 25% year-over-year, despite inflation and supply chain issues related to COVID-19.

In particular, the MacBook Air powered by the M2 chip and the MacBook Pros M1 Pro and M1 Ultra helped boost the company’s pent-up demand in the June 2022 quarter.

“Significantly, our investments in the category have attracted both new manufacturers and new Mac users and helped increase our installed base over time,” said Apple’s chief financial officer, Luca Maestri. “In fact, we set a quarterly record for sellers while almost half of customers. were new to the device in the quarter.”

However, Apple expects Mac revenue to decline in the December quarter compared to 2021. Maestri said Apple still faces challenges despite a strong September quarter, where new MacBook Pro models with M1 chips helped boost sales over the past year.

Mac revenue has fluctuated year over year

Mac revenue has fluctuated year over year

Apple is expected to launch new MacBook Pro devices with the latest M2 chips, which is expected to help the company in the next fiscal quarter.

Still, the company is ahead of the PC market, which has seen a decline in shipments. Firms such as Lenovo and HP saw supply levels decline year-on-year in the third quarter of 2022.

In IDC’s Q3 2022 PC shipment tracker, total PC market shipments reached 74.2 million units, down 15% from the year-ago quarter.


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