Apple sales exceed expectations
Apple announced its balance sheet for the January-March period. According to Apple’s statement, in the quarterly balance sheet, which is considered the second quarter and ended April 1, the company’s revenue decreased 3 percent compared to the same period a year earlier, to $94.8 billion. . The company had a turnover of 97.3 billion dollars in the same period last year.
Despite the decline, the company’s revenue, which beat market expectations, was expected to be $92.9 billion in this period.
Apple’s net profit, which was $25 billion in the same period last year, fell 3.4 percent to $24.2 billion. The company’s earnings per share were flat during this period, at $1.52.
A RECORD IN INCOME FROM SERVICES
In this period, while Apple’s smartphone sales increased, sales of tablets and computers declined.
The amount of iPhone sales rose 1.5 percent in the January-March period compared with the same period last year, reaching $51.3 billion.
In the same period, iPad sales fell 12.8% to $6.7 billion, while Mac sales fell 31.3% to $7.2 billion.
Apple Chief Executive Officer (CEO) Tim Cook said the company’s financial results broke records in service revenue despite challenging macroeconomic conditions.
Noting that a January-March record was broken in iPhone sales, Cook said they are pleased to raise their installed base of active devices to an all-time high.
Cook said they continue to make long-term investments, including progress towards creating carbon-neutral products and supply chains by 2030.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
