Apple had a huge quarter, but revenue growth is slowing
. CFO Luca Maestri also said on the earnings call that the last seven quarters have been"the best seven quarters ever for Mac." Interestingly, the one segment that faltered was iPad, raking in about $7.6 billion compared to around $7.8 billion the same time last year. That type of up-and-down performance is pretty typical for iPads, though.
The wearables category was the most eye-catching, with Apple making $19.8 billion this quarter from sales of things like AirPods and watches, compared to $16.9 billion this time last year. That's more than it made from Macs, which came in at $10.4 billion this quarter . Maestri said on the call that"our wearables business has doubled in three years and is nearly the size of a Fortune 100 business.
Global supply constraints were a big point of focus on the question-and-answer portion of the call, and when asked about the long lead time on Mac products, Cook cited COVID-related disruptions in China and the ongoing silicon shortage as contributing to the issue.
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