In a period when other tech giants aren't faring so well, Apple reported its fiscal fourth quarter earnings on Thursday, which came in at $90.1 billion in revenue and earnings per share of $1.29. The exception of the iPad was up year over year in almost all of Apple's divisions. Despite YOY growth, iPhone revenue came in below expectations.
Most upgraders prefer the 14 Pro and 14 Pro Max over the iPhone 14 and iPhone 14 Plus because they think they are better than the regular lineup. The new Dynamic Island interface is included in the Pro phones. The larger Plus version of the phone wasn't released until several weeks after the quarter ended.
Luca Maestri told The Wall Street Journal that supply is constrained for the new Apple Watches.
Tim Cook said that they countered the industry trends on the phone. He said that Apple is deliberately slowing down its pace of bringing on new employees.
The services division was up by a small amount. The company just raised subscription prices for Apple Music, Apple TV Plus, and its Apple One bundle, so that could give the upcoming quarters a boost. The monthly price of Apple Music went up by a dollar, but it was the end of the long-standing $9.99 per month rate. It's possible that competitors will follow suit.
The fourth quarter of Apple's fiscal year saw the introduction of numerous products, including a completely redesign of the MacBook Air, a refreshed iPhone lineup, and new Apple Watch models. The second generation of the AirPods Pro was launched.
During the quarter, Apple releasediOS 16 and watchOS 9 but did not releaseiPadOS 16.1 and macOS Ventura until this week. Stage Manager is a feature in the iPad software that has been criticized.
The upgraded MacBook Pros are expected to be released in the coming weeks.
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