Apple Q2 Revenue Dips Due to Weak iPad Sales

Apple’s quarterly revenues for the months of April, May, and June stood at $81.8 billion, showing a marginal 1.4% decrease compared to the same period last year.

The decline in sales is typical for Q2 as customers await the upcoming release of the new generation of iPhones in the Fall.

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Despite this, the Services sector, which includes the App Store and subscription-based services, performed well, contributing $21.2 billion in revenue. Notably, the sector reached over 1 billion paid subscriptions during this time, reflecting strong growth and engagement in Apple’s services.

While iPhone, iPad, and Mac sales declined, the wearables, home, and accessories category witnessed an increase in sales. With the next iPhone launch approaching, Apple is expected to see a significant revenue boost, compensating for the small Q2 decline.