The company’s business results showed net profits amounting to $14.7 billion in the last quarter, despite bearing a large tax bill in the country IrelandThis represents a noticeable decline of about 36 percent, compared to profits estimated at about $23 billion in the same period last year.
At the same time, total sales increased Apple By 6 percent on an annual basis, to reach $94.9 billion, exceeding analysts’ expectations of $94.58 billion, according to the London Stock Exchange Group. However, its sales in China fell slightly to $15 billion.
Fourth-quarter sales of the iPhone, Apple’s main product, rose 5.5 percent to $46.22 billion, compared to analysts’ estimates of sales of $45.47 billion. Sales of other products came in below expectations.
Apple’s fourth quarter ended on September 28, meaning it reflects only a few days of series sales iPhone 16 Which went on sale on September 20.
Apple shares fell about 1 percent during after-hours trading in the United States.
The iPhone is the company’s most important product Applerepresenting nearly half of its total sales. Revenues from Mac computers and iPad tablets also increased.
Chief Financial Officer Luca Mastri said late tax payments in Ireland negatively impacted earnings for the quarter by $10.2 billion.
Earlier last October, the European Union’s highest court ordered Apple to pay 13 billion euros ($14.4 billion) in tax arrears, ending a long-running legal dispute.