The computer giant has certainly seen its net profit fall by 10.5% to 19.4 billion dollars, but it emerged above analysts’ expectations.
Apple on Thursday unveiled better-than-expected results for the April-June period, with sales still strong for its flagship product, the iPhone. The computer giant has certainly seen its net profit fall by 10.5% to 19.4 billion dollars. But the latter came out above analysts’ expectations, such as turnover (83 billion). The title of Apple rose in stride by more than 3% in electronic trading on Wall Street.
Sales of Mac computers down
Apple sold $40.7 billion worth of smartphones in the third quarter of its lagged fiscal year (April to June), which is slightly more than last year over the same period. Some analysts feared, in view of the economic slowdown, that demand for this rather expensive device would weaken. Apple’s services business, which notably includes the App Store and iCloud, also maintained solid growth (12%).
Sales of Mac computers, on the other hand, fell by 10%, as did those of iPad tablets (-2%) and connected objects and clothing (-8%). Revenue growth is slowing compared to previous quarters, however, and is the lowest since the quarter ended in September 2020. The group warned in April that the disruption caused by the resurgence of coronavirus cases in China and the shortage of silicone necessary for the manufacture of the chips were to deprive it of 4 to 8 billion dollars in turnover.
These quarterly results “continue to demonstrate our ability to effectively manage our business despite a challenging operating environment”, reacted the financial director, Luca Maestri, in a press release. By geography, Apple saw its revenue grow in North America and Europe but decline in Greater China (which includes Hong Kong and Taiwan) and Japan.