The financial report shows that in terms of sales volume, Apple sold a total of 52.2 million iPhones in the quarter, a year-on-year increase of 3%. After the publication of the financial report, the concern about the lack of demand for the iPhone was dispelled. After the close of the iPhone, the stock prices of chip companies rose. In the quarter, Apple shares a total of 9.131 million iPads were sold in the same period last year, which was a slight increase of 2% over the same period of 8.922 million units. Revenue from the iPad was US$4.113 billion, which was US$3.889 billion in the same period of last year, an increase of 6%.
In terms of performance, Apple's revenue increased to 61.1 billion U.S. dollars, up 16% year-on-year; net profit was 13.82 billion U.S. dollars, up 25% year-on-year. Among them, Apple’s revenue in Greater China reached US$13 billion, which was in line with European market revenue, which was higher than the same period last year. Increase 21%.
However, the US financial blogger Zero Hedge pointed out that Apple's product inventory increased by 164 percent year-on-year, indicating that a large number of iPhone X's are still not sold. It also shows that the current supply chain is in a saturated state. In addition, according to previous Taiwan’s industry chain reported that Apple has once again adjusted its orders for the iPhone X. The production volume in the second quarter has not been reported to be more than 8 million units. The reason for this is mainly to clear inventory.