The global economic crisis also hit Apple

According to the statement, revenue in the last quarter of last year amounted to 117.2 billion dollars and decreased by 5 percent on a yearly basis. The company last experienced a decrease in its revenues in 2019. With the number of active devices behind 2 billion, Apple did not provide information about device sales. It was stated that only the Services division achieved record revenues of $20.8 billion. Services such as Apple Music, Apple TV+, Apple Arcade continue to generate high revenues. Apple, which created a total of 34 billion dollars in cash, distributed 25 billion dollars of this to investors as dividends.

It is understood that the pandemic restrictions in China in the last quarter of last year had a direct impact on production. In the first quarter of this year, the restrictions were relaxed, but this time the shortage of sick workers caused problems. So sales may be below expectations.