Thursday, March 30, 2023

Apple Earns Highest Quarterly Revenue and Profit

Apple earns the quarterly of the fiscal year, the Cupertino powerhouse set new records for both revenue and profit. Apple’s quarterly earnings reports for the fiscal year 2022 are one of the few that show growth in all areas.

Apple’s sales for the quarter ending on September 24 hit a new high of $90.1 billion. Which is an increase of 8% from the same time last year. Apple earns revenue for the year went up by 8% to $394.3 billion, and profit went up to $20.72 billion. The same percentage increase did happen to earnings per share, which went from $1.25 to $1.29.

Solid iPhone Sales

Since the iPhone 14 came out, Apple’s sales are way up by 9.6% to $42.63 billion. Making the company immune to the drop in sales of smartphones. Sales from Macs became $11.5 billion, and sales from the company’s Services division became $19.18 billion. The industry that makes clothes, decorations, and other accessories did make $9.65 billion.

This year, Apple’s net sales in the U.S. became $38.8 billion, followed by $22.75 billion in Europe and $15.47 billion in China. Future Because the economy is still going down and inflation is going up, Apple CEO Tim Cook thinks the holidays may become busy. He is also confident that the company’s next line of products is already a success.

Apple confirms that future iPhones will sport a USB-C connector

Due to changes in how electrical devices are did regulate in the EU, the American company that makes phones has said that USB C iPhones are on the way. When did ask about the new port requirements, Greg Joswiak, Apple’s vice president of worldwide marketing, did admit this by saying, “Obviously, we’ll have to comply; we had little choice.”

It’s possible, though, that Apple will only sell iPhones with USB C ports in Europe, while the rest of the world will still get devices with Lightning ports. This is because the vice president said, “The Europeans are the ones who decide the timing for European clients.” Still, this doesn’t confirm.

Read more: PTA Clarifies “No Import Taxes on Personal Mobile Phones From Overseas”

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