Mixed quarterly results from Apple; post-session quotes drop 1.35%📱

11:45 pm 2 November 2023

Apple (AAPL.US) has just released its results for the fourth quarter of its fiscal year. Here are the key details of the report.

Selected results:

*EPS 1.46, ESTIMATED $1.39 (above expectations).

*REVENUE $89.50B, ESTIMATED $89.35B (above expectations).

*REVENUE FROM SERVICES $22.31B, ESTIMATED $21.37B (above expectations). {all-time high}

*PRODUCTS REVENUE $67.18B, ESTIMATED $67.82B (below expectations).

*IPHONE REVENUE $43.81B, ESTIMATED $43.73B (above expectations) 

* REVENUE FROM MAC SALES $7.61B, ESTIMATED $8.76B (below expectations).

* REVENUE FROM WEARABLES, HOME & ACCESSORIES SECTOR $9.32B, ESTIMATED $9.41B (below expectations).

*CHINA REVENUE $15.08B, ESTIMATED $17.01B (below expectations).

APPLE POSTS FOURTH STRAIGHT SALES DROP, LONGEST SLUMP STREAK SINCE 2001.

Q4 BUYBACK WAS $21B 

Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock. The dividend is payable on November 16, 2023 to shareholders of record as of the close of business on November 13, 2023.

The company's shares lost nearly 1.35% in the market after the session ended on Wall Street.

The company's full results. Source: Apple

The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world.