Apple reveals huge profits for the fourth quarter of this year

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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.

Have you purchased any Apple products recently?

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