Apple comes back with good quarterly results despite uncertainties

Apple quarterly results

Apple comes back with good quarterly results that are different from those of many of its competitors in the same field.

The company has released its quarterly results for the last quarter of its fiscal year. This includes July, August, and September because the company starts its billing year right after the new iPhone comes out.

Because of this, the one reported today is usually not the most profitable for the company, but it is the second most profitable of the four possible ones. This year, there was even more interest in them because some of their competitors didn’t do so well (very poor, in some cases, such as Meta or Amazon).

But that’s not true. The people from Cupertino keep up the good work they’ve already done and set another record quarter. It’s not the best ever, but it is the best Q4 ever.

Apple’s results: start over

The Cupertino tech company made 90,146 million dollars in sales by the end of the quarter, which is 8% more than in the same time last year. This is the income for each type of product:

  • iPhone: $42.6 billion, which is 9.7% more than Q4 2020.
  • Mac: $11.5 billion (+25%).
  • iPad: $7.2 billion (-13%).
  • The number is $9,750,000,000, which is an increase of 9.8%.
  • Services: 19,188 million dollars (+5%).

Tim Cook, CEO of Apple, said, “This quarter’s results show how committed Apple is to our customers, to innovation, and to leaving the world a better place than we found it.” “As we head into the holiday season with our best lineup, we make every action and decision based on our values.”

As the graph shows, this has been a great quarter for the Mac division, which has made more money than ever before. On the other hand, the iPad’s sales dropped, which was expected since there wasn’t much news since the new models were announced in October. In the same way, Services’ growth slows to a single-digit number for the second quarter in a row.

More from us: In Brazil, Apple gets fined for not shipping iPhone box with charger

Stability now, but warnings about the future

Apple has managed to grow in almost every part of the world since Q3 2021. Only Japan is a bit further down. It has a lot of strength in times when inflation is high, and once again, its competitors in the same field don’t handle market shocks as well.

Even though this quarter has been mostly good, the outlook for the next quarter is not clear. The company doesn’t say much about what it expects, but it does say that, for example, the Mac division’s sales “will decrease significantly.”

It will also be done by figuring out the accounts, though it is still unclear in what way and how much. At the moment, the company’s outlook for what is usually its best quarter of the whole fiscal year is pretty conservative.

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