Friday, September 22, 2023

Apple falls 3.25% on the stock market after losing sales in its fiscal third quarter

The actions of Manzana they fell more than 3.25% an hour after opening the NYSEup to 185 dollars (€169) per share, after announcing a 1.4% lower turnover in its third fiscal quarter (between April and June 2023), up to US$81,797 million (€74,756 million), for which it has been become the value that fell the most in the Dow Jones.

However, Apple registered a net profit of 19,881 million dollars (€18,169 million) in its third fiscal quarter, which is 2.25% more than the US$19,442 million (€17,768 million) obtained in the same period of the fiscal year. former.

“Although Apple’s revenues exceeded the estimates of Wall Street last quarter, demand for iphone was weaker than expected” they have pointed out from Bloomberg.

By products, it is worth highlighting the 19% drop in iPad sales between April and June, to 5,791 million dollars (€5,292 million), which contrasts with the 8.2% increase in the multinational’s service revenues, to the 21,213 million dollars (€19,387 million).

In addition, in the first nine months of its fiscal year, which began in October 2022, the technology company obtained profits of €74,039 million (€67,666 million), 6.37% less compared to the same fiscal period of the previous year, while that its sales also fell by 3.4%, to 293,787 million dollars (€268,500 million).


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