2024-05-07 23:06:05
At the company from apple billed 90,750 million dollars in the first quarter and had 23,600 million Profits net, figures lower than those of a year ago, but better than expected by the market.
In its earnings release released this Thursday after the market closed, the iPhone maker announced an unprecedented $110 billion share buyback program. The board authorized it “trusting in the future of Apple,” he said. Luca Mastersfinancial director of the Californian group, cited in the statement.
The number of devices Apple “assets reached a new historical record in all products and geographic segments.”
The market appreciated these announcements and Apple shares gained more than 6% in after-hours electronic trading on Wall Street.
The sales of its star product, the iPhonegenerated less than 46 billion dollars in the first quarter of the year, 10% less than in the same period last year.
“The drop in iPhone demand in China significantly reduced revenue,” explained Jacob Bourne, an analyst at Emarketer. Services activity, on the other hand, had a “historic record,” according to Tim Cook, CEO of the firm.
These services include the App Store, music and video streaming platforms (Apple TV+).
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2024-05-07 23:06:05