Apple profit in the first half of the fiscal year fell by 9% amid falling sales
The net profit of the American IT giant Apple in the first half of the 2022-2023 financial year, which ended on April 1, decreased by 9% year-on-year to $54.158 billion, the company said in a published report. Diluted earnings per share were $3.41 vs. $3.62 a year earlier, May 5 writes prime agency.
In the second quarter of fiscal year 2022-2023, Apple’s net income decreased by 3.4% to $24.16 billion. Diluted earnings per share were $1.52. Revenue from sales of iPhone smartphones for the same period increased by 1.5% in annual terms, to $51.334 billion.
At the same time, revenue from the sale of Mac laptops and desktops fell by 31.3%, to $ 7.4168 billion, iPad tablets – decreased by 12%, to $ 6.67 billion. Revenue in the segment of Apple Watch smart watches and AirPods headphones decreased by 0, 6%, to $8.757 billion.
There has been a decline in interest in Apple products in all markets, including due to the growing supply from Chinese technology manufacturers. In addition, the company has faced a number of challenges, including production disruptions in China due to the coronavirus lockdown. Sales were negatively affected by the strong dollar and the general macroeconomic situation.