(AOF) – Apple revealed better than expected results, but its performance in China and in services disappointed. The apple company generated a net profit of $14.74 billion, or 97 cents per share, in the fourth quarter, ended at the end of September, compared to $22.96 billion and $1.46 per share, respectively, a year earlier. . Adjusted earnings per share came to $1.64 versus a consensus of $1.60. The group recorded a significant provision following the confirmation by the European Court of Justice of Ireland's allocation of illegal tax aid.
Revenue increased 6% to $94.9 billion. It also exceeded market expectations: $94.4 billion.
Closely watched, sales in China (Greater China) fell slightly to $15.03 billion and came in below the consensus of $15.8 billion.
iPhone revenues increased by $5.5 billion to $46.22 billion. They exceeded expectations: $45 billion.
Services, which include in particular the App Store, iCloud and iTunes, showed growth of almost 12% to $24.97 billion while the market expected a little more at $25.3 billion.
“We expect the company's total revenues for the December quarter to experience low to mid-single digit year-over-year growth,” Chief Financial Officer Luca Maestri said at the analyst conference. “We anticipate double-digit growth in services revenue, at a similar pace to what we reported for fiscal 2024.”
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