Apple Q4 earnings report highlights yet another strong performance
As expected, Apple released its Q4 earnings report for the fiscal quarter ending on September 24 and quarterly revenues sitting at an all-time high of $90.1 billion – an 8% increase compared to the same time last year. Yearly revenues are also up 8% YoY at $394.3 billion. Net income grew to $20.72 billion while earnings per share rose to $1.29 – a 4% increase compared to last year.
Despite dwindling global smartphone shipments, iPhone revenue grew by 9.6% to 42.63 billion thanks to robust iPhone 14 series performance. The Services category accounted for $19.18 billion in revenues followed by Mac revenues ($11.5 billion) and Wearables, Home and Accessories revenues ($9.65 billion).
The Americas remained Apple’s top market in terms of net sales with $38.8 billion followed by Europe ($22.75 billion) and Greater China ($15.47 billion). In the wake of ongoing economic downturns and rising inflation levels, CEO Tim Cook expects a busy holiday season for Apple with its powerful new lineup of devices.
As expected, Apple released its Q4 earnings report for the fiscal quarter ending on September 24 and quarterly revenues sitting at an all-time high of $90.1 billion – an 8% increase compared to the same time last year. Yearly revenues are also up 8% YoY at $394.3 billion. Net income grew to $20.72 billion while earnings per share rose to $1.29 – a 4% increase compared to last year.
Apple Q4 2022 earnings report
Despite dwindling global smartphone shipments, iPhone revenue grew by 9.6% to 42.63 billion thanks to robust iPhone 14 series performance. The Services category accounted for $19.18 billion in revenues followed by Mac revenues ($11.5 billion) and Wearables, Home and Accessories revenues ($9.65 billion).
The Americas remained Apple’s top market in terms of net sales with $38.8 billion followed by Europe ($22.75 billion) and Greater China ($15.47 billion). In the wake of ongoing economic downturns and rising inflation levels, CEO Tim Cook expects a busy holiday season for Apple with its powerful new lineup of devices.
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.