Last quarter, the group increased its sales 8 percent year-on-year to $90.1 billion. As a result, profit jumped from $20.55 billion to $20.72 billion, as Apple announced after the US stock market closed on Thursday.
The iPhone was a key driver of the business, with sales increasing from $38.9 billion to $42.6 billion. As usual, Apple launched the new iPhone generation in September – but this time a week before 2021.
The Mac computing business grew from $9.2 billion to $11.5 billion in the rapidly shrinking PC market. With the iPad, however, revenues fell to just under $7.2 billion from $8.25 in the fourth business quarter ended September.
In Europe, where Apple has recently increased the prices of new iPhone models significantly, in some cases due to the weak euro, sales rose from $20.8 billion to $22.8 billion in the last quarter.
Apple shares fell slightly in after-hours trading after the price initially dropped as much as five percent in an initial reaction to the numbers.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
