Apple's Mac and wearables revenue stumbles as tech sector recedes
, it's reporting a revenue record of $83 billion, an increase of 2 percent from the same period last year. Apple also said it reached an all-time high for its installed base of active devices"in every geographic segment and product category." However, the company's profits are down by a whole 11 percent, and while it continued to see growth in its iPhone sales, revenue from Macs and wearables dropped.
Cook also talked about how the company was able to welcome developers to Apple Park at WWDC this year, calling it"a reminder of the economic miracle the App Store represents." Maestri said Macs generated $7.4 billion in revenue"despite supply constraints." The iPad install base reached a new all-time high this quarter, with more than half of subscribers being new users in this time. Meanwhile, revenue from wearables was $8.
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