Home » Business » Apple Reports Record $33.9 Billion Profit for First Quarter of Fiscal Year

Apple Reports Record $33.9 Billion Profit for First Quarter of Fiscal Year

The US technology company “Apple” made a profit of 33.9 billion dollars in the first quarter of the fiscal year, which ended in December, which is 13% more than in the corresponding period a year ago, according to a company statement released on Thursday.

The increase in profit was facilitated by the increase in the volume of sales of “iPhone” smartphones by 6% to 69.7 billion dollars. At the same time, income from the services provided by “Apple” increased by 11% in the quarter and amounted to 23.12 billion dollars.

Investors pay close attention to the revenue from the sale of the iPhone, as it accounts for almost half of the company’s total revenue.

Meanwhile, Apple’s overall revenue rose 2% to $119.6 billion last quarter, marking the first increase in five quarters.

2024-02-02 15:17:31
#iPhone #sales

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