Global tablet shipments are now below pre-pandemic levels, says a new market intelligence report, as part of a “severe” cutback in consumer spending. Apple wasn’t immune to this, with Q1 shipments falling 17% year-on-year, but the data shows the iPad still remains unchallenged as the market leader, in both the short and long term … more… The post Tablet shipments now below pre-pandemic levels, but iPad remains unchallenged appeared first on 9to5Mac.

iPad shipments dropped by double digits in the first quarter of 2023. But all the tablet makers suffered so Apple held on to its huge lead over rivals. (via Cult of Mac - Tech and culture through an Apple lens)

Apple once again beat analysts’ consensus expectations on Thursday, showing off the world’s most valuable company’s resilience in a slowing global economy thanks to stronger-than-expected iPhone sales and notable inroads in India and other emerging markets. Stephen Nellis for Reuters: Apple executives on Thursday said gross profit margins for the current quarter would be better than forecast despite an expected dip in revenue as supply-chain issues have improved. Apple said sales for its fiscal second quarter ended April 1 fell 2.5% to $94.8 billion, ahead of expectations for a 4.4% decline, according to Refinitiv data. Profit was flat at $1.52 per share, compared with estimates of $1.43 per share. iPhone sales were up 1.5% to $51.3 billion, besting expectations for…

Photo by Becca Farsace / The Verge Apple surpassed Wall Street expectations and said it had reached an all-time high in services revenue and set a new March quarter record for iPhone revenue in a report on its second quarter earnings on Thursday. The numbers show continued demand for the iPhone 14 lineup even as substantial upgrades (including USB-C connectivity) approach this fall. But Apple’s other divisions, including Mac and iPad, were down year over year. “We are pleased to report an all-time record in services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” CEO Tim Cook said in the company’s earnings release.…

Apple has officially reported earnings for Q2 2023, posting quarterly revenue of $94.8 billion, down 3% year-over-year. Earnings-per-share came in at $1.52, unchanged year-over-year. Net profit for the quarter came in at $24.16 billion. Apple also set a March quarterly record for iPhone revenue and a new all-time high for Services. more… The post Apple reports Q2 2023 earnings: $94.8 billion revenue, new records for Services and iPhone appeared first on 9to5Mac.

Apple's supply chain has started stockpiling the rumored 15-inch MacBook Air, according to industry sources cited by DigiTimes. The report says the laptop is expected to be announced at Apple's annual developer conference WWDC, which begins June 5. Despite the upcoming 15-inch MacBook Air launch, the sources believe that overall MacBook shipments will likely face a single-digit decrease in 2023 due to a "disappointing" first half of the year. The sources also said "pull-in momentum" for the 15-inch MacBook Air "has not been as strong compared with previous new products." Bloomberg's Mark Gurman expects the 15-inch MacBook Air to debut at WWDC. Like the 13-inch MacBook Air, the 15-inch model will be powered by the M2 chip with multiple GPU…