Apple's quarterly sales and earnings fell short of expectations

iPad revenue: $9.4 billion, up from $7.25 billion a year ago.Wearables and accessories revenue: $13.48 billion, down from $14.7 billion a year ago.

On a conference call with analysts, CEO Tim Cook blamed the lower revenue on three factors: The impact of foreign exchange rates; a challenging economy; and COVID-19-related shutdowns at factories in China that limited production of the iPhone 14 Pro and iPhone 14 Pro Max.

They'll make up for it by charging MORE for the iPhone 15s this year.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple Misses Earnings Expectations, But Sets Revenue Record For Services BusinessApple Services, which encompasses Apple TV+, Apple Music, Apple Arcade and more, came in at $20.8 billion for the three months ended Dec. 31, up from $19.5 billion a year earlier.
Source: THR - 🏆 411. / 53 Read more »

Apple earnings fall short on underwhelming sales of iPhones and MacsApple generated net income of $30 billion, or $1.88 a share, compared with $34.6 billion, or $2.10 a share, a year earlier. Production issues in China seemed to impact $AAPL far more than expected in the holiday quarter: The iPhone 14 didn’t helped. Now Apple has a “reason” to do a layoff
Source: MarketWatch - 🏆 3. / 97 Read more »