$83 Billion

Chart showing Apple product line percentages between 2018 and 2022.
Source: sixcolors.com

I remember when Steve Jobs went on stage, astounded that Apple had become a $50 Billion per year company. Now Apple beats that in a non-holiday quarter. There aren’t a lot of surprises with Apple’s latest quarterly earnings. It still makes half of its money from the iPhone and “Services” continue to grow. The Mac is down a bit, but last year at this time, we were in full swing on the Apple silicon revolution. I think that prompted many people to upgrade who wouldn’t have otherwise. Also, the M2 MacBook sales are not part of last quarter’s numbers. Either way, things seem just fine in Cupertino.

Jason Snell continues to be the best source for these earnings calls. He makes beautiful charts (like the one above) and even gets the call transcribed.