In the fiscal second quarter, which ended in March, Apple generated $US50.6 billion from the iPhone, its biggest source of revenue. That compared with an average estimate of $US49.2 billion.

The company launched the low-cost iPhone SE in March, contributing to sales in the last quarter. But the flagship iPhone 13 may have been less of a draw than the previous year’s iPhone 12, which was more of a dramatic update. The iPhone 13 retained the earlier model’s design, with some minor upgrades that focused on camera improvements.

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The Mac continued its resurgence, generating revenue of $US10.4 billion in the quarter. Apple launched the high-powered Mac Studio desktop in the quarter, but many orders of that machine have been delayed due to supply chain shortages, customisation time and high demand. The strong Mac sales are likely primarily due to the new MacBook Pros, though those models are now facing supply constraints as well.

The iPad brought in $US7.65 billion, down 2.1 per cent from the year-ago quarter. Despite new models -- including an updated low-end iPad, a new iPad mini and updated iPad Air -- the product continues to be one of Apple’s least-lucrative major segments. Some users have panned the device in recent months, saying its software features haven’t kept paced with hardware capabilities.

Apple’s Wearables, Home and Accessories category, which includes the Apple Watch, Apple TV, HomePod mini and AirPods, also missed estimates. The business generated $US8.8 billion last quarter, compared with an estimate of $US9 billion.

Bloomberg, AP

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