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Since 2011 when he took over Apple, to 2020, Cook doubled the company's revenue and profit, and the company's market value increased from $348 billion to $1.9 trillion. [7] In 2023, Apple was the largest technology company by revenue, with US$394.33 billion. [8]
Here's a breakdown of Apple's net income through the first nine months of its last four fiscal years: Through Q3 2021: $74.129 billion. Through Q3 2022: $79.082 billion. Through Q3 2023: $74.039 ...
In May 2023, Apple reported a decline in its sales for the first quarter of 2023. Compared to that of 2022, revenue for 2023 fell by 3%. This is Apple's second consecutive quarter of sales decline. This fall is attributed to the slowing economy and consumers putting off purchases of iPads and computers due to increased pricing.
Apple delivered solid financial results for the June 2023 quarter that beat Wall Street estimates, even as top-line revenue dipped 1.4% on lower-than-expected iPhone sales. CEO Tim Cook boasted of ...
This translated to a total revenue of US$110,855 million in 2017 and a net income of US$12,662 million. On February 1, 2016, Alphabet Inc. surpassed Apple to become the world's most valuable publicly traded company until February 3, 2016, when Apple surged back over Alphabet to retake the position.
Apple’s services business grew 11% in the quarter, to $23.1 billion. ... as strong iPhone 15 sales boosted total revenue 2% in the last three months of 2023 — rebounding after four quarters of ...
From 1965 to 2023, the stock price had negative performance in only eleven years (1966, 1970, 1973, 1974, 1984, 1990, 1999, 2002, 2008, 2011, 2015) and the annual average performance was 19.8%. [18] In August 2024, Berkshire Hathaway became the eighth public U.S. company and the first non-technology company to be valued at over $1 trillion .
Apple beats its Q3 revenue and earnings expectations on strong iPhones sales.