Apple records lowest sales figures in 4 years

(MENAFN) Apple’s total sales saw a decline of 5 percent on a yearly basis throughout the first three months of the fiscal year, which closed on the Dec. 31, 2022, the biggest fall in 4 years (2019).

In line with a report on quarterly gain from the US-located international tech giant on Thursday, Apple's income declined to USD117.2 billion in the last of quarter of last year, falling from USD123.9 billion in the same time span two years ago.

The market forecast stood at USD121.1 billion of overall net sales for the three months to December last year.

Gaining reached USD1.88 a share in the last quarter of 2022, declining from USD2.10 a year before and market estimate of USD1.94 a share.

Sales of iPhones fell over 8 percent, and sales of Mac computers dropped 29 percent in the same time span, triggering a 13 percent yearly decrease in revenue to USD30 billion.

The firm’s net revenue stood at USD34.6 billion in the same three months of the prior year.


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