Apple Reports Record $114.5 Billion September Quarter Revenue Amid Margin and Supply Constraints
Apple (AAPL) reported record revenue of $114.5 billion for its September quarter, representing a 12% year-over-year increase. The company's active installed device base reached an all-time high of 2.5 billion units, providing a massive foundation for recurring services revenue through cloud storage and subscriptions. Despite the record top-line growth, management highlighted significant headwinds including unprecedented rising memory chip prices that are compressing gross margins and semiconductor constraints affecting hardware deliveries. While supply chain bottlenecks related to advanced SoC nodes have limited immediate shipments, Apple expects its December quarter revenue to grow between 7% and 10%, potentially marking the largest revenue quarter in company history.
Tickers: $AAPL
Topics: component costs earnings report gross margin installed device base revenue growth
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