With 50% growth, iPhone sales generated $39.6 billion revenue in Q3 2021

Apple reported a record June quarter 2021. The company saw 36 percent Y-o-Y growth with $81.4 billion in revenue in product and service categories. The CFO of Apple, Luca Maestri said that “we grew double digits in each of our product categories with an all-time record for services, and June quarter records for iPhone, Mac, and wearables and home accessories.” At the subsequent earnings call, the company’s senior executives shared record figures of iPhone sales.

iPhone 12 series is a massive hit with sales exceeding Apple’s expectations

Maestri detailed that iPhone sales grew by 50 percent year over year with $39.6 billion in revenue. The strong demand for the series is has achieved an all-time high active installation base.

iPhone revenue set a June quarter record of 39.6 billion, growing 50 percent year over year and exceeding our own expectations as the iPhone 12 family continues to be in very high demand. Performance was consistently strong across the world and we grew very strong double digits in each geographic segment setting June quarter records in most markets we track. Our active installed base of iPhones reached a new all time high, thanks to the exceptional loyalty of our customer base and the strength of our ecosystem. In the U.S., the latest survey of consumers from 451 Research, indicates iPhone customer satisfaction of 97 percent for the iPhone 12 family.

Apple’s CEO Tim Cook said that 5G network support, the fast performance delivered by customers A14 Bionic chip, and camera improvements made iPhone 12 series popular amongst customers.

“For iPhone, this quarter saw very strong double digit growth in each geographic segment, and we continue to be heartened by customers response to the iPhone 12 lineup. We’re only in the early innings of 5G, but its already incredible performance and speed have made a significant impact on how people can get the most out of our technology.

Customers love iPhone 12 for its super fast 5G speeds, A14 Bionic chip and Dolby Vision camera never seen before in a phone.”

via iMore