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

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

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