Apple reviews solely slight progress in Q3 2022 earnings report

Apple HQ in Cupertino, California.

Enlarge / Apple HQ in Cupertino, California. (credit score: Anadolu Company | Monetary Occasions)

Apple reported its earnings for the third fiscal quarter of 2022 on Thursday, and like a lot of its friends in shopper electronics, the corporate barely eked out progress over the identical quarter final yr. Total income was up simply 2 p.c yr over yr at $83 billion.

The corporate’s providers enterprise, which incorporates all the pieces from Apple Music to iCloud and AppleCare+, was the expansion chief with 12 p.c elevated income in comparison with the identical quarter final yr. That is for a complete of $19.6 billion.

However the firm nonetheless earns most of its cash from different classes, none of which grew as shortly. The iPhone earned $40.67 billion in the course of the quarter—simply three p.c greater than final yr. And all three of the corporate’s different classes have been down towards final yr. The Mac fell 10 p.c to $7.38 billion, the iPad was down 2 p.c at $7.22 billion, and different merchandise—together with the Apple Watch, AirPods, and others—have been down Eight p.c to $8.08 billion.

Learn 5 remaining paragraphs | Feedback

Related Posts

Leave a Reply

Your email address will not be published.