Apple exceeded expectations for revenue and profit  San Francisco, 10/28/2022  Apple released its fourth-quarter results Thursday, beating Wall Street expectations for revenue and profit. The company reported net income of $20.7 billion and revenue of $90.1 billion, up 8.1% from a year earlier and a record high for the July-September period.   iPhone sales for the quarter were $42.63 billion, up 9.7% year over year. The company unveiled its iPhone 14 last month.  Mac and iPad sales were up 25.39% and down 13%, respectively. In the “other products” category, Apple reported revenue of $9.65 billion, up 9.85% year over year.  During the conference call, CFO Luca Maestri cited a record high in the number of active devices and noted that about half of all Mac and iPad buyers are new customers.     He noted that the company expects Mac sales to decline sharply in the first quarter of 2023 due to the release of the powerful Max lineup in December 2021.  Apple did not provide guidance for the quarter ending in December due to uncertainty.

Apple exceeded expectations for revenue and profit San Francisco, 10/28/2022 Apple released its fourth-quarter results Thursday, beating Wall Street expectations for revenue and profit. The company reported net income of $20.7 billion and revenue of $90.1 billion, up 8.1% from a year earlier and a record high for the July-September period. iPhone sales for the quarter were $42.63 billion, up 9.7% year over year. The company unveiled its iPhone 14 last month. Mac and iPad sales were up 25.39% and down 13%, respectively. In the “other products” category, Apple reported revenue of $9.65 billion, up 9.85% year over year. During the conference call, CFO Luca Maestri cited a record high in the number of active devices and noted that about half of all Mac and iPad buyers are new customers. He noted that the company expects Mac sales to decline sharply in the first quarter of 2023 due to the release of the powerful Max lineup in December 2021. Apple did not provide guidance for the quarter ending in December due to uncertainty.

28. October 2022 0 By Horst Buchwald

Apple exceeded expectations for revenue and profit

San Francisco, 10/28/2022

Apple released its fourth-quarter results Thursday, beating Wall Street expectations for revenue and profit. The company reported net income of $20.7 billion and revenue of $90.1 billion, up 8.1% from a year earlier and a record high for the July-September period.

iPhone sales for the quarter were $42.63 billion, up 9.7% year over year. The company unveiled its iPhone 14 last month.

Mac and iPad sales were up 25.39% and down 13%, respectively.

In the “other products” category, Apple reported revenue of $9.65 billion, up 9.85% year over year.

During the conference call, CFO Luca Maestri cited a record high in the number of active devices and noted that about half of all Mac and iPad buyers are new customers.

He noted that the company expects Mac sales to decline sharply in the first quarter of 2023 due to the release of the powerful Max lineup in December 2021.

Apple did not provide guidance for the quarter ending in December due to uncertainty.

San Francisco, 10/28/2022

Apple released its fourth-quarter results Thursday, beating Wall Street expectations for revenue and profit. The company reported net income of $20.7 billion and revenue of $90.1 billion, up 8.1% from a year earlier and a record high for the July-September period.

iPhone sales for the quarter were $42.63 billion, up 9.7% year over year. The company unveiled its iPhone 14 last month.

Mac and iPad sales were up 25.39% and down 13%, respectively.

In the “other products” category, Apple reported revenue of $9.65 billion, up 9.85% year over year.

During the conference call, CFO Luca Maestri cited a record high in the number of active devices and noted that about half of all Mac and iPad buyers are new customers.

He noted that the company expects Mac sales to decline sharply in the first quarter of 2023 due to the release of the powerful Max lineup in December 2021.

Apple did not provide guidance for the quarter ending in December due to uncertainty.

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