As expected, Apple released its fourth quarter earnings report for the fiscal quarter ended September 24, and quarterly revenues hit an all-time high of $ 90.1 billion, an 8% increase over the same period of the year. last. Annual revenues also increased 8% year-on-year to $ 394.3 billion. Net income grew to $ 20.72 billion, while earnings per share rose to $ 1.29, a 4% increase from last year.
Apple’s fourth quarter 2022 earnings report
Despite the decline in global smartphone shipments, iPhone revenue grew 9.6% to 42.63 billion thanks to the solid performance of the iPhone 14 series. The Services category posted revenues of $ 19.18 billion, followed by revenues for Mac ($ 11.5 billion) and from wearables, home and accessories ($ 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 continued economic downturns and rising inflation levels, CEO Tim Cook expects a busy holiday season for Apple with its powerful new range of devices.
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