In the last quarter of its broken fiscal year, Apple achieved an 8 percent higher turnover, totaling $ 102.5 billion. These were higher returns than average analysts had expected.
The latest iPhone 17 came into stores in the last two weeks of the quarter. It also helped that Apple’s services division grew strongly. This includes, for example, payment and music services, but also the important app store for devices with the iOS operating system.
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But in China, turnover actually fell 3.6 percent. Here the competition from Chinese smartphone manufacturers is increasing. Apple is also less proactive in integrating all kinds of AI functions into its devices.
Net profit came to $27.5 billion, compared to $14.7 billion a year earlier. Among other things, Apple set aside much less money for profit taxes. Without that effect, profits rose just under 11 percent.
Apple gains 4 percent in after-hours trading.