The American corporation Apple reported its financial results for the fourth quarter, which ended on September 24. Net income was $20.721 billion, or $1.29 per share. The company’s revenue grew 8% to $90.15 billion and results beat analysts’ expectations.
The median forecast of analysts surveyed by FactSet was $1.27 per share for earnings and $88.7 billion for revenue.
iPhone revenue increased 9.67% to $42.63 billion; Mac revenue up 25.39% to $11.51 billion; iPad decreased 13.06% to $7.17 billion; sales of other products increased 9.85%, bringing the company $9.65 billion.
Revenue from Apple Music, Apple Pay and iCloud services rose nearly 5% to $19.2 billion, from what analysts had expected at $20 billion.
Apple cut production of new iPhones in September due to low demand. The reason for the reduction in the production of the recently launched iPhone 14 was the reduction in demand for devices caused by global inflation and the economic recession in China.
Author:
karina pardaeva
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
