Apple on Thursday presented the results of its first quarter, which revealed a drop in sales and profit, due to the reduction in sales of iPhones, its main product.
In the last quarter of 2022 – the first of its 2023 financial year, which begins in October – it earned US$117.154 billion, 5.5% less year-on-year, and earned US$29.998 billion, a reduction of 13% compared to those recorded a year ago. one year.
This was the first time since 2019 that Apple has seen a year-on-year decline in revenue.
The quarter in question is particularly important for the company, as it is the holiday season.
In addition to the generalized economic downturn, the company was also affected by the strength of the dollar and problems in the production of its devices in China.
However, unlike other technological conglomerates, Apple has not announced large-scale redundancies, as its staff grew at a slower pace than its competitors during the boom that the sector experienced during the new coronavirus pandemic.
Apple, which has the largest market capitalization on Wall Street, suffered a major drop in its share price in 2022, but has already recovered 20% since the beginning of this year.
