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Post: Apple’s latest earnings results show the power of shrewd management



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Apple’s latest earnings results, released Tuesday, show three bright spots that helped keep Apple’s business buoyant in the last quarter: accessories, services, and investments in emerging markets.

The company reported $19.8 billion in net income on $81.8 billion in net sales during the three-month period. A roughly 4% decline in product sales was offset by services adoption, and weaknesses in some markets were mitigated by sales records elsewhere.

However, while revenue actually grew year-over-year, foreign exchange fluctuations reduced that number by 4%, the company said.

Perhaps more telling, the company said its gross margin hit 44.5%, a new record for the June quarter that also reflects the growing contribution of the company’s high-margin (70.5%) services business.

Apple, a company with better leadership

Frankly, the results testify to spookily great management with excellent foresight.

On the strength of the Apple Watch, AirPods, and other accessories; the launch of Apple Music and other services; and the company’s major investments of time and energy in India and other emerging markets, Apple has built a moat to protect it in challenging times.

Copyright © 2023 IDG Communications, Inc.

Lora Helmin

Lora Helmin

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