Apple Sales Dropped 5% In The 4th Quarter
  • last year
Apple ($AAPL@US) missed 4th quarter expectations for revenue, profit, and sales, with its sales coming in 5 percent lower than the previous year. Its earnings per share were $1.88 versus the $1.94 estimated, down 10.9 percent year over year, and its revenue was $117.15 billion versus the $121.10 billion, estimated down 5.49 percent year over year. CEO Tim Cook cited a strong dollar, production issues of its iPhone 14 Pro and iPhone 14 Pro Max in China, and the macroeconomic environment as the primary factors hurting its sales.
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