Apple’s disappointing results from this week were all that caught the attention of tech world observers. Google, Meta?, and Amazon. Apple managed to defy the trend and record another quarter. For its fourth fiscal quarter, the company postedRevenues of $90.1 million, an 8 percent increase year-over year. Quarterly earnings per diluted share were $1.29, which is up 4 percent.
The iPhone and Mac were the two largest categories in the quarter. Apple enjoyed an extra week of iPhone 14 sales thanks to an earlier release (though that didn’t include the new iPhone 14 Plus, which arrived October 7). Apple’s iPhone sales reached just under $43Billion, an increase of 10% over last year. Mac sales increased to $11.5B, compared with $9.2B last year.
Wearables, including early sales of Apple Watch Series 8 had a strong month with sales of $9.7 billion, an increase of around 10 percent over last. Here’s how the quarter ended for Apple:
- iPhone: $42.6 billion
- iPad: $7.2 billion
- Mac:$9.2 Billion
- Wearables:$9.7 Billions
- Services:$19.2 Billion
While Services grew over last year, it dipped from the previous quarter’s $19.7 billion. Also, iPads saw a decline of 13 percent over the previous year.
Apple declined to provide guidance for fourth quarter. Several of its peers also warned about lower-than expected revenue during the holiday season. but there’s reason to be hopeful. Two new iPad models were delivered last week along with an Apple TV 4K. Macs are due to be launched next month.
