Spencer Platt / AFP
Analysis – After four dismal quarters of sales declines, Apple returned to growth during the last quarter of 2023. However, there are many concerns about the slowdown in its performance.
A Californian giant has just ceded the largest capitalization position in the United States to Microsoft. Now valued at less than $3,000 billion, Apple once again had to show an increase in its turnover from October to December. This quarter is still the strongest for Apple thanks to holiday shopping. Apple’s massive quarterly revenue rose 2.1% to nearly $120 billion. For comparison, this amount is more than twice that of Microsoft. At the same time, the net profit of the legendary company from Cupertino (California) increased by 13% to $34 billion.
The performance is definitely more than respectable. Analysts’ expectations have also been exceeded. However, here again, the comparison to Microsoft is increasingly worrisome in Wall Street’s eyes. Quarterly profit rose 33%, to nearly $22 billion…
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