Apple’s iPhone 13 5G series had a tremendous holiday quarter despite facing supply issues
The holiday quarter is a traditionally auspicious period for Apple, driving unrivaled revenue and profit scores year after year as new and improved iPhone generations typically come out at just the right time to top the Christmas shopping lists of many millions of customers around the world.
Excellent iPhone 13 results behind… and ahead
Commercially released at the very end of last year’s third calendar quarter in most key global markets, the 5G-enabled iPhone 13, 13 mini, 13 Pro, and 13 Pro Max purportedly exceeded a combined 40 million unit shipments during Q4.
In case you’re wondering, that’s a higher number than all of the smartphones sold by companies like Oppo, Huawei, or Vivo back in Q4 2020, not to mention lower-ranked brands like Motorola, Nokia, or OnePlus.
iPhone 13 Pro Max vs iPhone 12 Pro Max
Bottom line, the iPhone 13 family is tipped to sell like hotcakes between January and March and even between April and June 2022, and of course, that’s not the only hugely profitable thing Apple can look forward to this year… and beyond.
Services are growing and growing and growing
Instead, Apple will continue to heavily rely on its thriving “Services” business to get closer to the $3 trillion (!!!) valuation milestone. Said milestone, mind you, could be hit by the end of 2022, with the Services segment alone believed to be worth around $1.5 trillion already.
The App Store has been a major cash cow for a long time, and that’s unlikely to change anytime soon
Apple’s “golden installed base” is spending more and more money on everything from iOS apps to cloud storage, music streaming, video streaming, and warranty services, with the division’s 2020 revenue crossing the $50 billion mark and a $100 billion milestone projected for 2024 after gradual increases between now and then.
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