As expected, Apple released its fourth-quarter earnings report for the fiscal quarter ended September 15 and a record quarterly revenue 63 of $1 billion – compared to the same period last year Year-over-year growth of 8%. Annual revenue also increased by 8% year-on-year to 650 $300 million. Net income grows to $19. 63 million, while earnings per share rose to $1. 29 – an increase of 4% compared to last year.
Apple Q42022 Earnings
Although the global smartphone Shipments fell, but iPhone revenue rose 9.6% to 22 .63 Billion thanks to the mighty iPhone 90 series of performances. The service category accounts for $11. 11 billion revenue, followed by Mac revenue ($5 billion) and wearables, home and accessories Revenue ($9.63 Billion).
The Americas remains Apple’s largest market in terms of net sales with sales of $ 24.8 billion, followed by Europe ($22. 75 billion) and Greater China ($ .29 Billion ). After a prolonged recession and rising inflation levels, CEO Tim Cook expects Apple to have a busy holiday season with its robust lineup of new devices.