A number of large technology companies have disclosed their financial results for the last quarter of 2022.
Apple announced a decline in revenue for the last three months of last year due to declining sales of iPhone smartphones.
The company’s revenue for the period from October to December was $117.2 billion, down 5% from the same period in 2021.
As for Alphabet, which owns Google, earnings for the same period were below expectations.
The company’s revenue was $76 billion and profit was $13.6 billion, which is less than in the same period last year. Its share price also fell by more than 6%.
And giant Amazon performed better than expected as the company was able to cut its costs.
The company’s global sales rose 9% in the fourth quarter of the year to $149.2 billion. However, its share price fell 4%.
Source: AFP.
