Apple expects record revenue in fourth quarter despite supply limits
Apple projects its December quarter will set an all time revenue record following strong fiscal fourth quarter earnings.
FTMQ Tech, written by our newsroom0 views
Apple reported record fiscal fourth quarter revenue of $114.5 billion, representing a 12% increase year over year, according to 9to5Mac. The company recorded a net profit of $30.71 billion for the September quarter. During its earnings call, Apple stated that it expects its December quarter to be the best quarter for revenue in the history of the company. [1]
According to 9to5Mac, the financial gains came despite ongoing supply constraints affecting iPhone, Mac, and iPad production. The company also faced rising costs for memory components during the period. [1]
The results follow broader trends across the technology sector. As FTMQ Tech reported earlier, major technology companies recorded strong third quarter revenues, even as stock prices fell over heavy spending on artificial intelligence infrastructure. [3]
In short
- Apple reported fiscal fourth quarter revenue of $114.5 billion, up 12% year over year.
- Net profit for the September quarter reached $30.71 billion.
- Apple projects the December quarter will be its best revenue quarter in company history.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Apple forecasts its biggest revenue quarter ever despite supply constraints9to5Mac, 1d ago (the report this story comes from)
Background
- [2]List of public corporations by market capitalization on Wikipedia
- [3]Big Tech stock prices fall despite strong Q3 revenue growth FTMQ Tech, 4d ago
- [4]Tesla beats third quarter financial estimates despite drop in automotive revenue FTMQ Tech, 13d ago
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
Related from FTMQ Tech
Earlier reports of ours on the same people and subjects.
- Big Tech stock prices fall despite strong Q3 revenue growthBig Tech, 4d ago
- Apple sets fourth quarter earnings release for November 2Big Tech, 28d ago
- Apple exceeds sales expectations as AI spending impacts holiday profit marginsBig Tech, 1d ago
- Samsung projects record 107 trillion won quarterly profit driven by AIBig Tech, 27d ago
- Apple limits United States iPhone Duo orders to two per customerPhones, 15d ago
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