1 month ago
Apple achieves record June quarter revenue, but faces challenges
Apple made a lot of money in the June quarter, earning $109.4 billion, which is more than last year.
iPhones and Macs sold a lot, and the company grew a lot in places like India.
But Apple said it might have trouble in the future because memory chips are getting more expensive and it’s hard to get enough parts.
The company raised prices on some products to help cover the higher costs.
Apple’s leaders said they are watching the situation closely and hope customers will keep buying.
Apple reported record June quarter revenue of $109.4 billion, up 16 % YoY.
iPhone sales rose 21.7 % to $54.25 billion; Mac sales grew 28.66 % to $10.35 billion.
Double‑digit growth in emerging markets, notably India, which set a new revenue record.
Apple warned of rising memory‑chip costs and supply constraints that could hurt future quarters.
Prices for MacBook and iPad models were raised 20‑42 % globally, with further iPhone price hikes expected.
- Who
- Apple Inc.
- What
- Record June quarter revenue and future business risks
- Where
- Worldwide, with strong growth in emerging markets such as India and Greater China
- When
- June 2024 quarter
- Why
- Strong sales but rising memory‑chip costs and supply constraints
Key facts
- Revenue
- $109.4 billion
- YoY growth
- 16 %
- iPhone sales
- $54.25 billion
- Mac sales
- $10.35 billion
- Gross margin
- 50.1 %
- CEO
- Tim Cook (until Sep 1 2026)
- Memory chip risk
- Rising costs and supply constraints
Quotes
Tim Cook
Apple CEO
“"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 US, Latin America, Western Europe, India, China mainland, Japan, and Southeast Asia. We also achieved June quarter revenue records in both developed and emerging markets and saw double‑digit growth in most emerging markets.”
rediff.com










