For the quarter ending on December 27, the company reported a net income of $42.097 billion, which is equivalent to $2.84 per share, compared to $36.33 billion, or $2.40 per share, from the same period last year.
Revenue increased to $143.756 billion compared to $124.3 billion in the same period the previous year.
According to LSEG, analysts on average predicted the company's profit to be $2.67 per share based on revenue of $138.48 billion.
In the most recent quarter, revenue generated from iPhone sales rose by 23%, reaching $85.27 billion, which was higher than the expected $78.65 billion. Revenue from iPad sales increased by 6%, totaling $8.6 billion. At the same time, sales of Mac computers dropped by 7% to reach $8.39 billion, and sales of wearable devices and accessories fell by 2% to $11.49 billion.
Service revenue from sources such as the App Store, Apple Music, Apple Pay, and iCloud rose by 14% and surpassed the $30 billion mark.
Apple's sales in China, which includes Hong Kong and Taiwan, increased by nearly 38% to reach $25.53 billion, surpassing the experts' projection of $21.32 billion. Revenue in the Americas rose by 11.2%, reaching $58.53 billion, while revenue in Europe increased by 12.6%, amounting to $38.15 billion. In Japan, revenue grew by 4.7%, totaling $9.4 billion.
The company declared a dividend of 26 cents per share, which is consistent with the amount paid in the previous quarter. Payments are scheduled to be made on February 12, and the closing of the shareholder register is set for February 9.
Apple intends to raise its revenue by between 13 and 16 percent during the second quarter, whereas experts predict a growth of 10 percent.
Over the past three months, Apple's market value has dropped by 4.5%, reaching $3.77 trillion, whereas the Dow Jones stock index has increased by 3.3%.
source: bloomberg.com
Revenue increased to $143.756 billion compared to $124.3 billion in the same period the previous year.
According to LSEG, analysts on average predicted the company's profit to be $2.67 per share based on revenue of $138.48 billion.
In the most recent quarter, revenue generated from iPhone sales rose by 23%, reaching $85.27 billion, which was higher than the expected $78.65 billion. Revenue from iPad sales increased by 6%, totaling $8.6 billion. At the same time, sales of Mac computers dropped by 7% to reach $8.39 billion, and sales of wearable devices and accessories fell by 2% to $11.49 billion.
Service revenue from sources such as the App Store, Apple Music, Apple Pay, and iCloud rose by 14% and surpassed the $30 billion mark.
Apple's sales in China, which includes Hong Kong and Taiwan, increased by nearly 38% to reach $25.53 billion, surpassing the experts' projection of $21.32 billion. Revenue in the Americas rose by 11.2%, reaching $58.53 billion, while revenue in Europe increased by 12.6%, amounting to $38.15 billion. In Japan, revenue grew by 4.7%, totaling $9.4 billion.
The company declared a dividend of 26 cents per share, which is consistent with the amount paid in the previous quarter. Payments are scheduled to be made on February 12, and the closing of the shareholder register is set for February 9.
Apple intends to raise its revenue by between 13 and 16 percent during the second quarter, whereas experts predict a growth of 10 percent.
Over the past three months, Apple's market value has dropped by 4.5%, reaching $3.77 trillion, whereas the Dow Jones stock index has increased by 3.3%.
source: bloomberg.com