Apple recorded a 6.1% increase in sales in the fourth fiscal quarter, reaching US$ 94.9 billion, against estimates of US$ 94.4 million, the company announced this Thursday in another presentation of results from the “Big Tech” from the USA.
However, earnings per share registered a sharp decline, falling to 97 cents versus $1.46 in the same quarter last year. The 10 billion charge due to the EU ruling on the way Ireland taxed the company weighed on profits.
Without this extraordinary charge, earnings per share were 1.47 per share, which represents an increase of 12% year-on-year.
In global terms, Apple recorded a net profit of 14.73 billion, compared to 22.96 billion in the same period last year.
Revenues from the iPhone, the company’s most iconic product, rose 5.5% to 46.22 billion, compared to 45.04 billion in the same period of the previous year.
Sales in China were one of the weak points in the results, falling slightly to 15 billion, against estimates of 15.8 billion, pressured by competition from local brands.
Investor reaction is being moderately negative to the results, with shares falling less than 1% in post-market trading.
Source: www.jornaldenegocios.pt
