Moneycontrol PRO
Loans
HomeNewsTechnologyApple reaches 2 billion active devices across its portfolio

Apple reaches 2 billion active devices across its portfolio

The 2 billion number is inclusive of iPhones, iPads, Mac and other Apple products

February 03, 2023 / 16:36 IST
(Image Courtesy: Apple)

(Image Courtesy: Apple)

Apple has reported that it has now crossed 2 billion active Apple devices in the world.

It announced the news when it shared the first quarter results, where it posted a quarterly revenue of $117.2 billion, which was down 5 percent year over year.

Also Read | Apple CEO Tim Cook bullish on India, says it is a "major focus" market 

“As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do,” said Tim Cook, Apple’s CEO.

“During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base,” Cook added.

Also Read | Apple forecasts another drop in revenue, proclaims iPhone production problems over

Apple also shared that it had an all-time revenue record of $20.8 billion in the company's services business, and said that despite the economic slowdown, it grew the total company revenue on a "constant currency basis."

“We generated $34 billion in operating cash flow and returned over $25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans,” shared Apple CFO Luca Maestri.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

Moneycontrol News
first published: Feb 3, 2023 04:36 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347