Apple just shared its financial report for the last three months, which is the end of their fiscal year. Guess what? They made $94.9 billion, which is a 6% increase from last year! This is mostly because iPhone sales really took off.
They saw more sales in all their products like iPhones, Macs, iPads, and Services. The only thing that went down was wearables, which dropped by just 3%.
Tim Cook, the CEO, mentioned in a call that iPhone sales were amazing this September. They even set a new record for revenue! This growth happened everywhere in the world. Remember, the new iPhone 16 was only available for the last ten days of the quarter.
Now, even though their revenue went up, net income fell by 35% compared to last year. This happened because they had to pay a big tax bill of €14.3 billion (or $15.8 billion) to Ireland after finding out that a deal broke some laws in the European Union.
