Following Apple’s record-breaking earnings announcement for the second quarter of 2022, Apple CEO Tim Cook spoke CNBC to offer some further details. According to Cook, the iPhone attracted a “record level” of upgrades during the quarter, and the number of people switching from Android to iPhone also grew.
Talking to CNBC, Cook said the iPhone 13 cycle has proven to be “clearly a strong cycle” for Apple. iPhone revenue grew from $ 47.88 billion in the same quarter a year ago to $ 50.57 billion in Q2 2022, a 5% year-over-year increase.
CNBC reports:
Apple CEO Tim Cook said the iPhone company had a successful quarter with “switches,” or people who previously had an Android phone but decided to buy an iPhone.
“We had a record level of upgrades during the quarter, and we grew switchers, strong double-digits,” Apple CEO Tim Cook told CNBC’s Steve Kovach. “It’s clearly a strong cycle,” Cook said.
Apple no longer reports device sales for any of its products, so we do not know how many iPhone devices Apple sold during the quarter. It’s also important to note that iPhone growth came amid ongoing supply chain issues, although Apple has handled these battles relatively well with regard to the iPhone.
Apple also said that its active installation base of all product categories reached a new record during the 2nd quarter of 2022.
You can find our full overview of Apple’s earnings right here.
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