Apple (NASDAQ:AAPL) raises prices to offset shrinking sales, iPhone margins still in question
Apple is pushing through the memory shock in Macs, iPads and home devices, but not in the iPhone yet. That move hits harder at checkout than it does in Apple’s overall numbers. Macs and iPads brought in $15.3 billion last quarter, making up 13.8% of revenue. The iPhone was at $57.0 billion, or 51.3% of the March-quarter total. All Wearables, Home and Accessories — including Watch, AirPods, and home devices — and categories affected by Thursday’s price change totaled $23.2 billion, or 20.9% of sales. That’s the investor focus: Apple starts with smaller hardware lines to test pricing before moving to the iPhone cycle.