It reduces its income by 4% between January and March due to the drop in iPhone sales, but achieves record billing for services
MADRID, 3 May. (EUROPA PRESS) –
The technology giant Apple obtained a net profit of 23,636 million dollars (22,061 million euros) between the months of January and March 2024, the second fiscal quarter for the company, which represents a decline of 2.2% compared to the result recorded in the same period of the previous year, as reported by the multinational, which will carry out a repurchase of its own shares for an amount of up to 110,000 million dollars (102,671 million euros.
In its second fiscal quarter, Apple achieved net sales of 90,753 million dollars (84,706 million euros), which represents a year-on-year decrease of 4.3%, the largest drop in income in more than a year, the company reported. .
This decline in the Cupertino giant’s business reflected the 9.5% drop in product sales, which reported 66,886 million dollars (62,429 million euros), while billing for services reached 23,867 million dollars in the quarter. (22,277 million euros), 14% more, which represents a new quarterly record.
By region, Apple’s sales in America decreased by 1.3% year-on-year, to $37,273 million (€34,790 million), while in Europe they increased by 0.7%, to $24,123 million (€22,516 million). ), but in Japan they fell 12.7%, to 6,262 million dollars (5,845 million euros).
Likewise, in the Chinese market, the multinational’s quarterly revenues totaled 16,372 million dollars (15,281 million euros), 8% less than a year before.
Regarding the different products and business lines, Apple earned 45,963 million dollars (42,900 million euros) with iPhone sales, 10.5% less, as well as 3.9% more from Mac sales, up to 7,451 million dollars (6,954 million euros), while billing for services increased by 14%, up to 23,867 million dollars (22,277 million euros).
For its part, iPad sales decreased by 16.6%, to 5,559 million dollars (5,189 million euros) and income from the marketing of accessories fell 9.6%, to 7,913 million dollars (7,386 million euros).
In the first six months of its fiscal year, the Cupertino company obtained a net profit of 57,552 million dollars (53,717 million euros), 6.3% more than in the first half of the previous year, while sales totaled 210,328 million dollars (196,314 million euros), 0.8% less.
Apple’s board of directors has declared a cash dividend of $0.25 per share of the company’s common stock, an increase of 4%, to be paid on May 16, 2024. Additionally, the company’s governing body also authorized an additional program to buy back up to $110 billion of Apple common stock.
“Given our confidence in Apple’s future and the value we see in our shares, our Board has authorized an additional $110 billion to repurchase shares. We are also increasing our quarterly dividend for the twelfth consecutive year,” Luca Maestri said.
