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Apple returns to growth at the end of 2023, sales at 120 billion - News

2024-02-02T09:01:22.528Z

Highlights: Apple returns to growth at the end of 2023, sales at 120 billion - News.com.au. Amazon, 170 billion in turnover in the last quarter of 2024. For Meta 14 billion in net profit (ANSA) Apple returned to growth after four consecutive revenue declines. Amazon achieved revenues of $170 billion, growing 14% year-over-year, well above market expectations. Facebook, social networks used by 3.1 billion users, rose more than 12% in trading after the New York Stock Exchange closed.


Amazon, 170 billion in turnover in the last quarter of 2023. For Meta 14 billion in net profit (ANSA)


Quarterly period for the big names in technology.

Apple returned to growth in the fourth quarter of 2023, after four consecutive revenue declines, and did much better than expected, surprising a market worried about its sales.

Revenue reached $119.6 billion, up 2% year over year, while analysts had expected $117.9 billion.

Profit also grew, with 2.18 dollars per share, against the 2.10 of expectations.

iPhone sales reached $69.70 billion, up 6%, beating analysts' expectations of $67.82 billion.

Amazon achieved revenues of $170 billion in fourth quarter 2023, growing 14% year-over-year, well above market expectations.

The online commerce giant also stood out with a net profit of 10.6 billion, also higher than Wall Street forecasts, driven by faster deliveries and a particularly positive holiday period.

Meta closed 2023 with a brilliant last quarter, marked by 40 billion dollars in turnover and 14 billion in net profit, higher than analysts' expectations.

Results made possible by the budgetary discipline implemented in 2023 and by the new artificial intelligence tools for advertisers.

Shares of the company that controls Facebook and Instagram, social networks used by 3.1 billion users, rose more than 12% in trading after the New York Stock Exchange closed.

“We had a good quarter as our community and business continue to grow,” said Meta CEO Mark Zuckerberg.


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Source: ansa

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