Apple, the American technology giant, reported a profit for the fiscal year 2023 of 96.995 million dollars, approximately 91.317 million euros. The result marks a 3 percent drop from the previous year and follows four straight quarters of declining sales. (Apple Inc.)
In a formal statement, the company noted that billed revenue over the last twelve months ending September 30 totaled 383.285 million, a 3 percent decrease from the prior year. (Apple Inc.)
For the fourth and final quarter, the period that most investors and analysts watch, Apple achieved a net profit of 22.956 million, which is up about 11 percent year over year, alongside revenue of 89,498 million, down 1 percent from the same quarter a year earlier. (Apple Inc.)
Over the course of the year, Apple experienced growth in several segments, with broad sales across multiple product lines while the iPhone continued to lead as the companys most important product. Sales in tablets and personal computers showed variability, reflecting broader demand trends. (Apple Inc.)
Chief executive Tim Cook emphasized that the company made solid progress in the services segment, which set quarterly records and includes offerings such as cloud storage, iCloud, Apple Care warranties, and Apple Music subscriptions. (Apple Inc.)
Cook expressed confidence in early adopter interest for the newly announced iPhone 15 ahead of the holiday season. He also pointed to record United States consumer spending as a sign of strong consumer engagement. Financial chief Luca Maestri highlighted the global reach of Apples products and the loyalty of its customer base. (Apple Inc.)
Revenue from iPhone sales reached 43.805 million in the fourth quarter, up roughly 3 percent from the prior year period, contributing to total annual iPhone revenue of about 200,583 million, with a slight year over year decline. (Apple Inc.)
Meanwhile, the services segment demonstrated steady growth despite generating smaller absolute revenue than the products division. It rose by about 16 percent in the quarter to 22,314 million and grew about 9 percent for the year to 85,200 million. (Apple Inc.)
The largest markets for Apple continued to be the Americas, Europe, and China, though all three regions experienced a downturn in annual sales during the year. (Apple Inc.)
When trading closed on the stock market, results exceeded many expectations and were met with a cautious response from investors. Shares of the company, the largest in the market by market capitalization, dipped slightly in after-hours trading. (Apple Inc.)
Overall, Apple increased its market value by about 37 percent in the prior year, reaching roughly 2.7 trillion dollars. (Apple Inc.)