Apple profits above expectations, iPhone sales disappoint – shares fall

Thanks to surprisingly strong computer sales, Apple’s quarterly results exceeded market expectations. The revenue generator iPhone, on the other hand, weakened. Revenue from the sale rose to $42.6 billion at the end of the 2021/2022 fiscal year, the group announced on Thursday. According to the data provider Refinitiv, analysts had hoped for almost a billion dollars more. The stock then fell 3.6 percent in after-hours trading in the US.

Total sales increased by eight percent to $90.1 billion, and earnings were $1.29 per share. Thanks to a new generation of MacBook Air and MacBook Pro models, Apple took in 11.5 billion dollars with desktop computers and laptops, a good two billion more than expected.

More: These five charts explain the value of the iPhone to the company

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