The results reported last week were better than Wall Street's muted expectations and Apple's stock rose in after-hours trading.
The latest numbers come after the Cupertino, California, company in February posted its first quarterly revenue drop in nearly four years after pandemic-driven restrictions on its China factories curtailed sales of the latest iPhone during the holiday season.
Apple said it earned $24.16 billion, or $1.52 per share, in the three-month period that ended April 1. That was down slightly from $25.01 billion, also $1.52 per share, a year earlier.
Revenue fell 3% to $94.84 billion from $97.28 billion.
Analysts, on average, were expecting earnings of $1.43 per share on revenue of $92.91 billion, according to a poll by FactSet.
This story is from the AppleMagazine #602 edition of AppleMagazine.
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This story is from the AppleMagazine #602 edition of AppleMagazine.
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