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(Photo= Yonhap news) |
[Alpha Biz= Reporter Paul Lee] On the 2nd (local time), Apple announced that it recorded sales of $90.75 billion (124.4 trillion won) and earnings per share of $1.53 for the first quarter (second quarter of the fiscal year).
The sales exceeded market expectations of $90.01 billion, as compiled by the market research firm LSEG, and earnings per share also surpassed the forecast of $1.50.
However, compared to the same period last year, sales decreased by 4% and net profit also decreased by 2% to $23.64 billion.
In particular, iPhone sales, which account for more than half of total sales ($45.96 billion), were similar to market expectations ($46 billion), but decreased by more than 10% from a year ago ($51.33 billion).
According to a report by market research firm Counterpoint Research, iPhone sales in China decreased by 19.1% compared to the same period last year due to the revival of Huawei's smartphone business in China.
Mac sales increased by 4% to $7.45 billion, significantly exceeding market expectations of $6.86 billion, and service sector sales, including streaming services, also exceeded market expectations, recording $23.9 billion compared to the expected $23.27 billion.
Apple also announced a dividend of $0.25 per share and decided to repurchase $110 billion worth of its own shares.
The repurchase of own shares is the largest ever, increasing by 22% compared to last year's $90 billion.
Alphabiz Reporter Kim SangJin(hoondork1977@alphabiz.co.kr)
