2023-05-05 00:41:54
Backed by ‘iPhone Power’, Apple recorded sound earnings that exceeded Wall Street expectations.
According to foreign media including CNBC, Apple recorded $94.84 billion in sales and $24.16 billion in net profit in the second quarter of the fiscal year ended March on the 4th (local time). announced that it
CEO Tim Cook emphasized in an interview with CNBC, “This quarter’s results exceeded expectations.”
However, both sales and net profit decreased by 2.5% and 3.4% compared to the same period last year.
It is evaluated that the rapid progress of the iPhone has been a big factor in Apple’s record of better-than-expected earnings. Last quarter, iPhone revenue was $51.33 billion, up 2% from the same quarter last year. It also exceeded the Wall Street forecast of $48.84 billion.
In particular, considering that the entire smartphone market showed a negative growth of regarding 15% compared to the same period last year, the performance of the iPhone is evaluated as remarkable.
On the other hand, Mac segment sales At $7.17 billion, it fell short of Wall Street’s forecast of $7.8 billion. The iPad also sold $6.67 billion, below the forecast of $6.69 billion.
The service division, which emerged as Apple’s second-largest source of revenue following the iPhone, also recorded $20.91 billion. The service sector was also lower than the Wall Street estimate of $20.97 billion.
In this regard, CNBC analyzed that this was due to the relief of parts shortages and supply chain problems that had been going on for several years.
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“We do not believe macroeconomic indicators have deteriorated,” Chief Financial Officer Luca Maestri said on a conference call.
However, he added that difficulties are expected in the digital and mobile gaming sectors. Both segments are related to Apple services revenue.
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