Apple CEO Tim Cook
Analysts have weighed in on Apple’s Q4 2023 financial results, with most taking the view that the quarter is decent-performing, but with caution about a shorter Q1 2024.
On Thursday, Apple CEO Tim Cook and CFO Luca Maestri told investors and analysts in a conference call that Apple hauled in $89.5 billion in revenue for the fourth quarter of 2023. This was a slight drop year-on-year from $90.1 in Q4 2022.
During the results, it was revealed that iPhone revenue rose slightly YoY to $43.8 billion, iPad dropped from $7.17 billion one year ago to $6.43 billion, and Mac was down to $7.61 from $11.5 billion. Services continued its growth to $22.31 billion, and Wearables, Home, and Accessories was down marginally at $9.32 billion.
Apple also expects that Q1 will grow its Mac sales, though wearables could decelerate in the quarter.
After Apple issued its figures, analysts were quick to respond to the numbers, offering their hot takes on the financial status of the iPhone…
2023-11-04 17:58:13
Original from finance.yahoo.com
