In contrast with its large tech friends inflated by artificial-intelligence hype, Apple appeared to have the bottom bar to clear within the present earnings season. The world’s most beneficial firm nonetheless didn’t fairly make it.
On the very least, Apple’s fiscal fourth-quarter outcomes late Thursday point out that its latest iPhones aren’t off to a raging begin. The corporate launched the iPhone 15 household throughout its standard window a couple of week earlier than the quarter’s finish in late September. iPhone income for the quarter rose 3% 12 months over 12 months to about $43.8 billion, according to analysts’ forecasts. However that compares with a ten% acquire within the earlier 12 months’s fourth quarter and a 47% surge in 2021, when the iPhone 13 household launched to surprisingly robust demand.
Copyright ©2023 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
