With the continued demand for its iPhone, Apple made a quarterly profit of almost $23 billion. The new iPhone 15 went on sale in September, which will primarily play a role in the Christmas business.
The iPhone business grew by 2.8 percent year-on-year to $43.8 billion, as Apple announced after the US stock market closed on Thursday. This was within the expectations of investors. At the same time, sales of Mac computers fell by a good third to $7.6 billion. Apple is currently trying to boost this with new Macbook models with more powerful chips.
In the services business, which includes subscription revenue and income from the App Store, sales jumped by a good 16 percent to $22.3 billion.
Expectations in Greater China missed
Apple missed analysts’ expectations with China sales, in which Apple also includes business in Taiwan and Hong Kong. Revenues there fell by 2.5 percent to around $15.1 billion. Recently, its competitor Huawei, which was hit hard by US sanctions, had success there again with a new smartphone. The share temporarily fell by one percent in after-hours US trading.
The bottom line is that Apple increased its profit from $20.7 billion in the same quarter last year to $22.96 billion (21.6 billion euros). Sales fell by around one percent to $89.5 billion.
