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| According to Apple Mac sales are severely affected by supply shortages |
Apple's third-quarter earnings narrowly beat Wall Street expectations on Thursday afternoon, as iPhone revenue rose slightly year-over-year and services rose 12%.
But on the flip side, the company's numbers are down, with Mac revenue down 10%. CEO Tim Cook attributed the decline to supply chain constraints and unfavorable exchange rates. But it also fits the industry trend of declining PC sales.
Earlier this month, Apple released a redesigned MacBook Air that uses the company's M2 chip, but that didn't affect its results for the quarter.
The new Air comes after the launch of an updated 13-inch MacBook Pro in June. Then the Mac Studio Desktop, Studio Display, iPad Air, and iPhone SE powered by the M1 went on sale again in March.
Bloomberg's Mark Gorman reports that Apple will launch a slew of new products in the fall and into 2023.
Mobile device sales are down 8%, while the iPad segment is down 2%.
Anyway, Apple still posted record quarterly sales of $83 billion and earnings per share of $1.20 in June.
Apple is said to be preparing two big 6.7-inch devices for the new iPhone lineup for 2022. Both versions are the iPhone 14 Pro Max and iPhone 14. The two new phones come with updated cameras, while the high-end Pro version gets a faster processor and a redesigned screen hole for Face ID and front camera .