{"id":317050,"date":"2022-10-28T09:24:48","date_gmt":"2022-10-28T09:24:48","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=357557"},"modified":"2022-10-28T09:24:48","modified_gmt":"2022-10-28T09:24:48","slug":"apple-defies-tech-sector-gloom-with-earnings-rise","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2022\/10\/28\/apple-defies-tech-sector-gloom-with-earnings-rise\/","title":{"rendered":"Apple defies tech sector gloom with earnings rise"},"content":{"rendered":"

<\/p>\n

\tApple warned it faced headwinds in the next quarter and expects its revenue to suffer as a result, as it somewhat bucked the trend among the big technology companies by posting top-line increases in its fiscal Q4 earnings (the period to end-September 2022).<\/p>\n

CFO Luca Maestri said on its earnings call that Apple’s overall annual revenue gains would decelerate in the period to end-December,\u00a0flagging foreign exchange headwinds from a strong US dollar and supply chain challenges for its latest iPhone 14 line-up.<\/p>\n

It expects an 8 per cent fall in revenue during the current period.<\/p>\n

On the latest smartphone line, which was released in September, CEO Tim Cook said demand had been strong, but more \u201cconstrained\u201d for the pricier Pro and Pro Max models.<\/p>\n

Net income rise
\nOn to the numbers, Apple\u2019s revenue hit a “record” $90.1 billion, up 8 per cent year-on-year, with its services division 5 per cent higher at $19.2 billion.<\/p>\n

Revenue from products, which includes its hardware line, increased from $65 billion to $71 billion, with iPhone up 10 per cent to $42.6 billion.<\/p>\n

Net income rose slightly to $20.7 billion from $20.5 billion, notably fairing better than other technology giants including Alphabet [1] and Meta Platforms [2], which suffered 27 per cent and 52 per cent declines respectively during the quarter.<\/p>\n

\u201cWe did better than anticipated, in spite of the fact that foreign exchange was a significant negative for us,\u201d added Maestri.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/google-ad-sales-take-hit-as-growth-slows\/
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/meta-value-takes-65b-hit-as-q3-disappoints\/<\/p>\n\n

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Apple warned it faced headwinds in the next quarter and expects its revenue to suffer …<\/p>\n

The post Apple defies tech sector gloom with earnings rise<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Apple defies tech sector gloom with earnings rise - ITTeacherITFreelance.hk","description":"Apple warned it faced headwinds in the next quarter and expects its revenue to suffer ... The post Apple defies tech sector gloom with earnings rise appeared fi"},"footnotes":""},"categories":[10,8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/317050"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=317050"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/317050\/revisions"}],"predecessor-version":[{"id":320407,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/317050\/revisions\/320407"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=317050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=317050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=317050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}