Apple posts nearly $82B in revenue in April-June period

ISTANBUL

US multinational technology company Apple saw quarterly revenue of $81.8 billion in the April-June period, according to its financial results statement released Thursday.

The figure is down 1% from the same period last year.

“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone," said CEO Tim Cook.

Services amounted $21.2 billion for the three months ending June 1, up 8.2% from $19.6 billion in the same period last year.

Net sales of products, on the other hand, were down almost 4.3% at $60.6 billion from $63.3 billion year-on-year. Net income was little changed, coming in at $19.8 billion from $19.4 billion during that period.

iPhone sales fell to $39.6 billion from $40.6 billion. Mac sales declined to $6.8 billion from $7.4 billion, while iPad sales decreased to $5.8 billion from $7.2 billion.

With the decline in sales, Apple's stock price was down 1.7% at $187.93 per share on the Nasdaq as of 4.50 p.m. EDT in after-hours trading, after closing Thursday at $191.17 a share.

Apple had set a quarterly revenue record with almost $83 billion for the three months ending June 25 in 2022, which the firm refers to as the third quarter of its fiscal year.

ISTANBUL

US multinational technology company Apple saw quarterly revenue of $81.8 billion in the April-June period, according to its financial results statement released Thursday.

The figure is down 1% from the same period last year.

Services amounted $21.2 billion for the three months ending June 1, up 8.2% from $19.6 billion in the same period last year.

iPhone sales fell to $39.6 billion from $40.6 billion. Mac sales declined to $6.8 billion from $7.4 billion, while iPad sales decreased to $5.8 billion from $7.2 billion.

With the decline in sales, Apple's stock price was down 1.7% at $187.93 per share on the Nasdaq as of 4.50 p.m. EDT in after-hours trading, after closing Thursday at $191.17 a share.

Apple had set a quarterly revenue record with almost $83 billion for the three months ending June 25 in 2022, which the firm refers to as the third quarter of its fiscal year.