Quarterly figures: iPhone leads Apple to plus in sales and profits

Apple has so far been able to defy consumer restraint, primarily thanks to the strength of the iPhone.

Quarterly figures: iPhone leads Apple to plus in sales and profits

Apple has so far been able to defy consumer restraint, primarily thanks to the strength of the iPhone. In the past quarter, the group increased sales by eight percent year-on-year to $90.1 billion (90.4 billion euros).

The bottom line is that profits improved from $20.55 to $20.72 billion, as Apple announced after the US stock market closed on Thursday.

The iPhone was a key driver of the business with sales increasing from $38.9 billion to $42.6 billion. As usual, Apple launched the new iPhone generation in September - but this time a week earlier than 2021.

The Mac computer business grew from around $9.2 billion to $11.5 billion amid a rapid contraction in the PC market. With the iPad, however, revenues in the fourth business quarter, which ended in September, fell from $8.25 to just under $7.2 billion.

In Europe, where Apple recently raised the prices for new iPhone models, in some cases significantly in view of the weak euro, sales grew in the past quarter from $20.8 to $22.8 billion.

Apple shares were slightly down in after-hours trading after the price initially dropped by up to five percent in an initial reaction to the numbers.

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