Apple shrugs off supply chain woes with record $124B quarter

Oh, and the iPhone is selling just fine.

Apparently, the supply chain issues that affected production during the last holiday season were much ado about nothing. Apple on Thursday reported a staggering US$123.9 billion in revenue for the first quarter of fiscal 2022, with substantial year-over-year growth in nearly every category, including a record US$71.6 billion in iPhone sales alone.

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Michael Simon

Michael Simon
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