Apple’s iPhone sales accounted for over 58 percent of the company’s overall revenue in the first quarter of fiscal year 2024, the largest share of all Apple products. Over the years, services as well as wearables, home and accessories have made a growing contribution to Apple’s net sales.
Apple’s revenue growth amid the pandemic
In the first quarter of financial year 2024, Apple’s global revenue reached 119.58 billion U.S. dollars. The Americas are Apple’s largest regional market and contributed to over 42 percent of the firm’s sales in that quarter.
Who are Apple’s competitors?
Having a broad family of products, Apple competes with different companies in different markets. Samsung is Apple’s largest adversaries in the global smartphone market, where the company had a share of 16 percent in fourth quarter of 2023. Similarly, Apple has a solid position in the PC market without a leading advantage. The situation is reversed in the tablet market and the smartwatch market, where Apple has remained the leader since the early days, staying ahead of Samsung, Huawei, Amazon, etc.
