Apple reduced profit by 13.4% between October and December, up to 27,348 million

MADRID, 3 Feb.

Apple reduced profit by 13.4% between October and December, up to 27,348 million


The technology giant Apple obtained a net profit of 29,998 million dollars (27,348 million euros) between the months of October and December 2022, the first fiscal quarter for the company, which represents a drop of 13.4% compared to the result recorded in the period of the preceding financial year.

In its first fiscal quarter, Apple achieved net sales of 117,154 million dollars (106,803 million euros), which represents a decline of 5.5% compared to the same period of the previous year, the company reported.

The evolution of Apple's revenues reflected a drop of 8.2% in iPhone sales, which contributed to the company 65,775 million dollars (59,963 million euros) in the first fiscal quarter.

On its side, Mac sales decreased by 28.7% year-on-year, to 7,735 million dollars (7,051 million euros), while revenue from iPad sales increased by 29.6%, to 9,396 million dollars. (8,566 million euros).

Likewise, income from the sale of accessories fell by 8.3%, to 13,482 million dollars (12,291 million euros), while income from services increased by 6.4%, to a record of 20,766 million dollars ( 18,931 million euros).

On the other hand, the company reported that between October and December its revenues fell 4.3% in America, up to 49,278 million dollars (44,924 million euros), and 6.9% in Europe, up to 27,681 million dollars. (25,235 million euros), while in China Apple's turnover totaled 23,905 million dollars (21,793 million euros), 7.3% less.

"During the December quarter, we achieved a significant milestone and we're pleased to report that we now have more than 2 billion active devices as part of our growing installed base," said Tim Cook, Apple's CEO.

For his part, Luca Maestri, Apple's CFO, highlighted the all-time record in revenue from the services business, as well as the growth in total turnover at a constant exchange rate, despite a difficult macroeconomic environment and significant supply restrictions. .

"We generated $34 billion in operating cash flow and returned more than $25 billion to shareholders during the quarter as we continue to invest in our long-term growth plans," he added.

Apple's board of directors has declared a cash dividend of $0.23 per common share, payable on February 16, 2023, to shareholders of record as of the close of business on February 13, 2023.