The business areas for iPhones and services are growing significantly. Apple, on the other hand, has to accept falling sales of iPads and smartwatches.
Apple has them Balance sheet for the first fiscal quarter (until December 30, 2023). The iPhone manufacturer improved its sales by 2 percent to $119.6 billion. Apple thus generated a net profit of $333.92 billion, 13 percent more than in the same period last year. However, the company was unable to convince investors with its key figures.
They sent the price of Apple shares down 2.4 percent in after-hours trading. The stock ended the trading day with an increase of 1.33 percent to $186.86 – with a current 52-week high of $199.62.
Apple generated $69.7 billion in revenue from iPhone sales, representing growth of 6 percent. Mac division sales stagnated at $7.8 billion. The balance sheet also shows a new record turnover for the services division. $23.1 billion represents an increase of 11 percent.
The tablet division performed less well. iPads brought in $7 billion during the Christmas season, 25 percent less than a year ago. Apple also earned less from the sale of wearables, smart home products and accessories a year ago: $11.95 billion, a decline of 11 percent.
In a press release, CEO Tim Cook referred to an active user base of now more than 2.2 billion devices – according to him, a new record. CFO Luca Maestri also named a new high. Net income per share rose 16 percent to $2.18 in the December quarter. However, the number of shares outstanding also fell by almost 400,000.