For the quarter, Apple reported revenue of $90.1 billion and quarterly net income of $20.7 billion, or $1.29 per diluted share, compared with revenue of $83.4 billion and a quarterly net income of $20.6 billion, or $1.24 per diluted share, in the year-ago quarter. Gross margin for the quarter was 42.3%, compared to 42.2% in the prior year quarter.
In the fourth quarter, the Californian group saw its smartphone sales increase by 9.7%, to 42.6 billion dollars, but analysts expected 43 billion. Its services activity, which notably includes the App Store and iCloud, also disappointed slightly with 19 billion in turnover instead of 20.
For 2022, Apple set new corporate records with $394.3 billion in sales and $99.8 billion in net income, compared to $365.8 billion in sales and $94.7 billion in income. net for the 2021 financial year.