Apple reported record revenue and profit for the last quarter of its latest fiscal year. Apple’s quarterly revenue was at an all-time high of $90.1 billion, which was an 8% increase compared to last year. Net income increased to $20.72 billion, and earnings per share reached $1.29.
Strong iPhone Sales
Apple’s revenue grew by 9.6% to reach $42.63 billion thanks to the recent iPhone 14 launch. The company’s Services category generated $19.18 billion in revenues while Mac revenues accounted for $11.5 billion. US was Apple’s biggest market yet again in terms of net sales valued at $38.8 billion.
USB C iPhones Confirmed
New USB C iPhones are coming eventually due to new laws for electronic devices in the EU. This was confirmed by Apple’s VP of worldwide marketing, Greg Joswiak. “Obviously, we’ll have to comply; we have no choice,” he said when asked about the change.
But there is no confirmation that this will be the case for the U.S. yet.