In the fourth fiscal quarter ending in September, Apple reported a net profit of $27.5 billion (€23.8 billion), marking an 86% increase from the previous year, as revealed in the results published today.
iPhone sales totaled $49 billion, reflecting a 6% rise yet falling short of analyst predictions.
Apple launched the iPhone 17 on September 19, just before the fiscal year’s end.
The Cupertino, California-based company offset the iPhone’s weak performance with a 15% increase in services, which include the App Store, Apple Music, and Apple TV, as well as cloud storage through iCloud.
Apple also benefited from the strong growth in Mac computer sales, which rose by 13%.
Total revenue reached $102.4 billion, an 8% increase, slightly surpassing analysts’ forecasts.
Geographically, the company co-founded by Steve Jobs saw a slowdown in China, with a 3.6% decrease, while all other regions experienced revenue growth, notably Europe with a 15% increase.
