Apple's profits fell 10% in the second quarter

2023

the profits of Apple Lossless Audio CODEC (ALAC), fell around 10% in the second quarter of the year to $19.442 million, despite a manufacturing crisis and inflation pressures.

In turn, revenues grew 2% to 82.959 million dollars, against 81.434 million dollars in the second quarter of 2021, results that were above the forecasts made by analysts.

Earnings guarantee $1,20 per share.

Apple's earnings were driven by sales of the iPhone, which registered a 3% increase compared to the same period last year, being the seventh consecutive quarter of sales of this product by the 'apple brand'.

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