As expected, Apple released its earnings report for the fourth fiscal quarter ending September 24, and the company achieved $90.1 billion in profits.
Apple earnings 2022
According to the financial report issued by Apple, it achieved a quarterly increase of 8% compared to the same period last year.
It also revealed that annual revenues increased by 8% year on year to reach $394.3 billion, as net income grew by $20.72 billion, while earnings per share rose to $1.29, an increase of 4% compared to last year.
Despite the dwindling phone shipments globally, iPhone revenue grew by 9.6% to reach $42.63 billion by separating the iPhone 14 series, which was announced on the tenth of last September.
Apple’s services category accounted for $19.18 billion in revenue, followed by Mac computers with $11.5 billion, and wearables, home appliances and accessories with $9.65 billion.
And the Americas remains the first market for the company Apple Where net sales amounted to 38.8 billion dollars, then Europe 22.75 billion, and China 15.47.
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