Sales of older products help Apple stand alone in tech chaos

Apple was the best performer among the big tech companies for the current quarter, posting revenue of US$90.1 billion (A$140.6 billion), an increase of 8% from a year to year.

But this quarter, it wasn’t the iPhone that drove the company’s performance, but rather its oldest hardware, its laptops, Reuters complaints.

The company’s fiscal year ended September 24, meaning these results were for its fourth quarter.

Revenue for the year was $394.3 billion, also up 8% year-over-year. But revenue is expected to fall 8% in the December quarter.

iPhone revenue set a record, but fell short of analysts’ forecasts. Sales were US$42.6 million against expectations of US$43.21 billion.

Shipping figures for the quarter from technology analyst firm Canalys claim Apple was the only leading vendor to rise year-over-year on robust demand, and rose 8%, shipping 53.0 million units.

But Mac sales of $11.5 billion were well ahead of the forecast of $9.36 billion.

“The results this quarter reflect Apple’s commitment to our customers, pursuit of innovation, and a desire to make the world a better place than we found it,” said Tim Cook, Apple’s Chief Executive Officer. . A declaration.

“As we head into the holiday season with our most powerful lineup ever, we lead with our values ​​in every action we take and every decision we make. We are deeply committed to protecting the environment, protecting users’ privacy, enhancing accessibility and creating products and services that can unleash the full creative potential of humanity.

Chief Financial Officer Luca Maestri said, “Our record results for the September quarter continue to demonstrate our ability to execute effectively despite a challenging and volatile macroeconomic environment.

“We continued to invest in our long-term growth plans, generated more than $24 billion in operating cash flow and returned more than $29 billion to our shareholders during the quarter.

“The strength of our ecosystem, unparalleled customer loyalty and record sales propelled our active base of installed devices to a new all-time high. This quarter capped off another record year for Apple, with revenue growing by over of US$28 billion and cash flow up $18 billion from last year.


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