How good is it when you make money? In Apple's Q4 the iPhone maker beats Wall Street expectations but still sees an extended trading stock dip after iPhone sales were improved and still misses the mark.
Revenue hit $90.15 billion for the quarter, edging out the $88.9 billion estimates and rising 8% over this time last year.
Revenue for the Macs was $11.51 billion. The Services sector saw a modest y-o-y increase of $19.19 billion, making it another category that just missed the mark of $20.10 billion.
The numbers come in the face of a lot of economic problems. The record September quarter results continue to demonstrate our ability to execute effectively in spite of a challenging and volatile macroeconomic backdrop.
Tim Cook talked about the environment. In a separate interview with CNBC, Apple's CEO addressed inflationary and other issues that slowed the company's revenue growth. Cook said that they would have grown in double digits. The company was hurt by the strong dollar.
He said that the company has joined a number of other tech giants in slowing its hiring pace.
All Rights Reserved © 2024
