Apple’s Sales Fall for the Fourth Straight Quarter Despite a Strong … – U.S. News & World Report
Apple’s sales remained on a downward slope during the summer, resulting in a full year of declining revenue at the technology trendsetter with a long history of steady growth that turned it into the world’s most valuable publicly traded company.
The slight sales deterioration announced Thursday for the July-September period marked the end of Apple’s fiscal year — a stretch that saw the company suffer a revenue decrease from the prior year in each quarter.
Although this past fiscal year’s revenue only dipped by 3% from the previous fiscal year, it was still a noteworthy anomaly in a business that has been so successful that Apple became the first U.S. company to be valued at $3 trillion earlier this year.
It’s the first time Apple’s fiscal year revenue has dropped since 2019 when sales fell by 2%.
Although Apple’s revenue in the latest quarter deceased 1% from last year to $89.5 billion, its profit rose 11% to $22.96 billion, or $1.46 per share. Both figures eclipsed analysts’…
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source: https://news.oneseocompany.com/2023/11/02/apples-sales-fall-for-the-fourth-straight-quarter-despite-a-strong-us-news-world-report_2023110252100.html
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