ANKARA – Apple’s overall sales decreased 5 percent year-on-year during the first fiscal quarter, which ended Dec. 31, 2022, the largest decline since 2019.
According to a report on quarterly earnings from the US-based global tech giant on Thursday, Apple's revenue decreased to USD117.2 billion in October-December 2022, down from USD123.9 billion in the same period of 2021.
The market estimate was USD121.1 billion of total net sales for the three months to December 2022.
Earnings amounted to USD1.88 per share in October-December period, decreasing from USD2.10 a year earlier and market projection of USD1.94 per share.
Sales of iPhones dropped more than 8 percent, and sales of Mac computers dove 29 percent in the same period, resulting in a 13 percent year-on-year decline in profits to USD30 billion.
The company's net profit was USD34.6 billion in the same quarter of the previous year. (Anadolu)
