FX.co ★ Apple Inc. Reveals Retreat In Q4 Income

Apple Inc. (AAPL) has reported a decline in its fourth-quarter earnings compared to the same period last year. The company's net income for the quarter amounted to $14.736 billion, translating to $0.97 per share, down from $22.956 billion or $1.46 per share in the previous fourth quarter.

After adjusting for certain items, Apple’s earnings for the quarter were $24.982 billion, or $1.64 per share.

Notably, Apple’s revenue for this quarter saw a 6.1% increase, rising to $94.930 billion from $89.498 billion in the same period the prior year.

Key Financial Highlights for Apple Inc. (GAAP):

- Earnings for Q4: $14.736 billion, compared to $22.956 billion last year.

- Earnings Per Share (EPS) for Q4: $0.97, in contrast to $1.46 last year.

- Revenue for Q4: $94.930 billion, up from $89.498 billion the previous year.