Apple has released its Q4 financial results for the quarter ending September 30th, revealing a total revenue of $89.5 billion and a profit of $22.9 billion. Although the revenue experienced a 1% decline compared to the same period last year, net revenue saw a 10% increase year-on-year.
Apple’s consolidated financial statement for the period ended September 30th
The latest iPhone models played a significant role in generating $43.8 billion in net sales, contributing nearly 49% of Cupertino’s quarterly revenue. The services sector, inclusive of Apple Music, TV+, and iCloud, achieved an all-time high of $22.3 billion in revenue. However, there was a decline in net sales for Macs, iPads, and portable devices, with Macs experiencing a 51% drop in sales.
The Americas continue to be Apple’s top market, generating $40.1 billion in net sales, followed by Europe ($22.5 billion) and China ($15.1 billion). Looking ahead, Apple is mindful of potential supply chain challenges that may lead to shipment delays for the iPhone 15 Pro and Pro Max flagships. However, Tim Cook remains confident that Apple will successfully manage supply and demand.