Apple’s Q4 report: iPhone sales are down, but 2 billion active devices reached

Apple facing shortfall of 6 million iPhone 14 Pro models due to ongoing turmoil in Zhengzhou

Apple posted its monetary report on the final three months of 2023, which is the primary quarter of its fiscal 12 months. Whole income and gross sales are down on a yearly foundation as provide chain points restricted stock. The corporate highlighted a number of the positives within the bleak situation – it now has 2 billion units in lively use and recorded an all-time excessive income within the Companies enterprise.

The whole gross sales for the three months ending on December 31, 2022, had been $117.1 billion, whereas the identical interval twelve months in the past noticed $123.9 billion in gross sales. The web revenue of nearly $30 billion is down 13% from $34.6 billion.

Apple stopped revealing unit numbers a very long time in the past and now simply lists income per class. The iPhones account for greater than half of gross sales, however are nonetheless down 8% from final 12 months. The Companies enterprise noticed $20.8 billion in income between October and December 2022, up 6% yearly. The one different product class that noticed a slight rise is the iPads, leaping nearly 30% from $7.2 billion to $9.3 billion.

(in $ million) Interval ending Dec 31, 2022 Interval ending Dec 25, 2021 Change
iPhone gross sales 65,775 71,628 -8%
Mac gross sales 7,735 10,852 -28%
iPad gross sales 9,396 7,248 28%
Wearables, Residence and Equipment gross sales 13,482 14,701 -8%
Companies gross sales 20,766 19,516 6%
Whole gross sales 117,154 123,945 -5%
Web revenue 29,998 34,630 -13%

Tim Cook dinner, Apples CEO, mentioned the corporate has one of the best lineup of services and products ever. The CFO Luca Maestri added that income on paper would possibly look in decline, however on a continuing foreign money foundation, it truly grew. The corporate generated $34 billion in money circulation and managed to return over $25 billion to shareholders, with a $0.23 money dividend per share.


Please enter your comment!
Please enter your name here