Apple on Thursday reported better-than-expected results for the April-June period, with sales still strong for its flagship product, the iPhone. The computer giant certainly saw its net profit fall 10.5% to $19.4 billion. But the latter exceeded analysts’ expectations, for example, turnover (83 billion). As a result of e-commerce on Wall Street, Apple’s stock rose by more than 3%.
Mac sales are down
Apple sold $40.7 billion worth of smartphones in the third quarter (April-June) of its delayed fiscal year, up slightly from the same period last year. Some analysts feared that given the economic downturn, demand for this rather expensive device would weaken. Apple’s services business, which notably includes the App Store and iCloud, also maintained steady growth (12%).
On the other hand, Mac sales fell 10%, along with sales of iPad tablets (-2%) and connected objects and apparel (-8%). Revenue growth slowed from previous quarters, however, and was the lowest since the quarter ended in September 2020. The group warned in April that disruption caused by a resurgence of coronavirus cases in China and a shortage of silicones needed for production. chips should have deprived him of 4 to 8 billion dollars in turnover.
These quarterly results “Continue to demonstrate our ability to effectively manage our business despite a challenging operating environment.”, – responded the financial director Luca Maestri in a press release. By geography, Apple saw its revenue grow in North America and Europe, but fell in Greater China (which includes Hong Kong and Taiwan) and Japan.
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.