Blog

Apple is now expected to exceed $400 billion in annual revenue in 2024, with this record high driven by all of its hardware such as the iPhone, plus another record high for Services.

It’s estimated that when Apple was incorporated in 1977, its revenue for the first year was around $775,000. Nearly 50 years later, its latest official financial results showed it earning $84.78 billion in Q3 2024.

For the whole of 2024, according to research and estimates from Counterpoint Research, the company is now likely to earn more than $400 billion. Significantly, this follows a decline in earnings in 2023, and the new rise is attributed to not just the iPhone, but all Apple hardware — and services.

Continue Reading on AppleInsider | Discuss on our Forums

The supply chain is continuing to ramp up new Mac production, with another report indicating M4 Pro and Max MacBook Pro upgrades are being prepared for a fall release.

Apple’s supply chain is hard at work assembling hardware that Apple will be introducing in a short few weeks. While the main attention is on the iPhone 16, there’s also the expectation of new MacBook Pros before the end of the year.

According to a Wednesday DigiTimes report, the supply chain is gradually ramping up, despite having some slight issues. Market destocking adjustments affected the component supply chain, reducing overall production in the peak season.

Continue Reading on AppleInsider | Discuss on our Forums