Apple posted net income of $1.20 a share, compared with $1.30 a share, in the year-earlier period. Analysts polled by FactSet had expected $1.16 in earnings per share.
The iPhone maker’s revenue came in at $83 billion (vs. $81.4 billion in its fiscal third quarter), surpassing the $82.8 billion expected by analysts polled by FactSet. Apple had cautioned on the last earnings call about potential $4 billion to $8 billion in negative impacts related to supply-chain issues during the June quarter; Chief Executive Tim Cook shared in the latest call that the figure was slightly below that forecast.
The company’s iPhone sales, at $40.67 billion, exceeded expectations of $38.59 billion. It was $39.57 billion a year earlier.
Revenue from Mac came in at $7.38 billion (lower than $8.24 billion a year ago), missing the FactSet consensus of $8.74 billion. Revenue from iPads decreased to $7.22 billion from $7.36 billion; however, the figure topped the FactSet consensus of $6.85 billion.