“Last year, we started selling iPhones in late September,” the company’s chief financial officer, Luca Maestri, said on a call to discuss its fiscal third quarter results. “This year, we project supply to be available a few weeks later.”
Maestri said Apple will again not release revenue forecasts for next quarter, “given the uncertainty around the world in the near term.”
Meanwhile, the company continues to rake in cash as the pandemic rages.
The company posted revenue of $59.7 billion in the three months ended in June, an 11% increase from the same period last year, it said Thursday.
Apple’s net income of $11.2 billion for the quarter represented a 12% increase from a year earlier.
“In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation,” Apple CEO Tim Cook said in a statement, touting the company’s “record June quarter” that was driven by “double digit growth” in both products and services. International sales accounted for 60% of revenue for the quarter.
Apple users flocked to the company’s digital services amid global lockdowns, with Cook touting “all-time revenue records” for the App Store, Apple Music, video and cloud services as well as “elevated engagement” on iMessage, FaceTime and Siri. The company’s overall services revenue jumped 15% from the previous year to $13.2 billion, hitting a milestone.
“We are proud to announce that we have achieved our goal of doubling our fiscal 2016 services revenue six months ahead of schedule,” he said.