Apple posts record June quarter revenue of $109.4 billion; flags higher memory chip prices as pressure point
Apple reported record June quarter revenue of $109.4 billion, driven by strong growth in emerging markets like India and China. However, the company warned of potential future headwinds due to rising memory chip costs and supply chain constraints.
Why it matters
Apple's performance serves as a bellwether for the global consumer electronics market and highlights the impact of semiconductor pricing on tech margins.
Tech giant Apple has posted record June quarter revenue of $109.4 billion, up 16% on a year-on-year basis, supported by double-digit growth in most emerging markets, including India, but flagged business risks in the next few quarters due to rising memory chip prices and supply constraints, according to a top company official.
While America continues to be the biggest contributor to Apple's revenue, the company recorded the highest growth rate of 22.42 per cent in Greater China, followed by Europe at 22.4% and Rest of Asia Pacific at 15.6%.
"We achieved June quarter revenue records in every geographic segment. We were pleased to see strength across the board with June quarter records in the U.S., Latin America, Western Europe, India, China mainland, Japan, and Southeast Asia.
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