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Gadget big Apple Inc. (NASDAQ: AAPL) reported stronger-than-expected revenue for the fourth quarter of 2023. Earnings of the Cupertino-based tech agency elevated year-over-year.
Internet gross sales edged right down to $89.5 billion within the September quarter from $90.1 billion final yr. Nonetheless, the highest line got here in above consensus estimates. iPhone gross sales rose 2.8% yearly to $43.8 billion.
Internet revenue was $22.9 billion or $1.46 per share within the fourth quarter, in comparison with $20.7 billion or $1.29 per share within the corresponding interval of 2022. Earnings topped expectations.
Commenting on the outcomes, Apple’s CEO Tim Cook dinner mentioned, “We now have our strongest lineup of merchandise ever heading into the vacation season, together with the iPhone 15 lineup and our first carbon-neutral Apple Watch fashions, a significant milestone in our efforts to make all Apple merchandise carbon impartial by 2030.”
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