OREANDA-NEWS  Apple's net profit for the 2023-2024 fiscal year (ended September 30) decreased by 3.4% and amounted to $ 93.736 billion, according to a company press release.

Diluted earnings fell to $6.08 from $6.13 a year earlier. Revenue for 12 months increased by 2% to $391.035 billion.

According to the results of the fourth quarter, the company's net profit fell by 35.8% to $ 14.736 billion. Diluted earnings per share were $0.97 ($1.46 a year earlier). Revenue rose 6.1% to $94.93 billion, with a forecast of $94.4 billion.

The company's revenue from iPhone sales in the fourth quarter increased by 5.5% to $46.222 billion. Sales of Mac computers increased by 1.7%, to $ 7.744 billion, and iPad tablets - by 7.9%, to $ 6.95 billion. Sales of the Wearables, Home and Accessories segment, which includes Apple Watch and AirPods, decreased by 3% to $9.042 billion, while the Services division rose by 11.9% to $ 24.972 billion.

Apple shares are down 2.1% after the close of major trading in the United States.

Apple, founded in 1976, manufactures personal and tablet computers, audio players, phones, smartwatches and software.