Apple released its Q4 fiscal report, disclosing total revenue of $89.5 billion and profits of $22.9 billion for September 30. Although the revenue experienced a 1% decline from the previous year, net income shows an encouraging 10% increase annually.
In the quarterly report, it was highlighted that the latest generation of iPhones made a substantial impact, generating $43.8 billion in net sales, accounting for approximately 49% of Apple’s total revenue. Additionally, the services sector, encompassing Apple Music, TV+, iCloud, and other offerings, experienced significant growth and achieved a new milestone. Unfortunately, the report did not provide specific figures for the services sector’s performance in this particular quarter.
Apple’s most robust market remained in the Americas, achieving $40 billion in net sales. Europe followed closely with $22.5 billion, while China generated %15.1 billion. However, Apple has expressed caution regarding potential supply chain challenges that could delay the deliveries of the highly anticipated iPhone 15 Pro and Pro Max. Nonetheless, the CEO, Tim Cook, remains optimistic about Apple’s ability to overcome these obstacles and meet the demand.