iPhone revenue up slightly for Q3, as other hardware categories lose steam

A mixed bag in hardware land as Apple reports its third quarter profits today. In spite of lowered expectations, iPhone revenue was up slightly year-over-year, from $39.5 billion to $40.7 billion — amounting to a 3% jump from the same time period in 2021. But while the company’s overall picture beat Wall Street expectation, things fared less well across other categories. Mac, iPad and the combined wearables/home category all took a hit for the quarter.
Mac took the biggest hit of around 10%, as revenue dropped from $8.2 billion to $7.4 billion. Wearables/home/accessories, which inc

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