Services and iPhone help Apple navigate a ‘challenging’ quarter
Apple has posted its third quarter 2022 results and somehow still managed to post record a June quarter revenue record of $83 billion. iPhone sales remained strong while Services climbed again. Apple had warned last quarter that continued supply constraints would affect revenue in the quarter and it’s clear that it had an impact, though a smaller one than feared. Stock for MacBooks and iPads have been constrained for months and those two categories saw the steepest decline, with the Mac posting a 10 percent year-over-year decline and the iPad dipping 2 percent. The usually solid Wearables, Home, and Accessories segment also dropped 8 percent. “Our June quarter results continued to demonstrate our ability to manage our business effectively despite the challenging operating environment. We set a June quarter revenue record and…