Jakarta, CNBC Indonesia – Apple released its fourth quarter fiscal earnings report on Thursday, November 2 2023. In this report, the iPhone maker pocketed US$ 162.1 billion (Rp. 2,500 trillion) in cash.

This figure is below the company’s cash of US$166.5 billion when it reports in the third fiscal quarter of 2023.

Apple had about US$166.3 billion in cash during its fiscal second quarter in 2023.

This report shows that Apple is becoming one of the largest managers of cash in the US.

Quote CNBC Internationalanalysts expect Apple to post its fourth consecutive quarterly revenue decline on Thursday.

The company reported revenue of US$ 89.50 billion and earnings per share of US 1.46 for its fiscal fourth quarter.

Wall Street forecast sales of US$89.28 billion, marking a decline of about 1 percent from the same quarter last year.

The September quarter is usually not the biggest or slowest quarter for Apple, this year only includes about one week of iPhone 15 sales.

While Apple’s fourth-quarter fiscal period did include some laptop and tablet spending during the new school year, which often benefits the Mac and iPad divisions.

[Gambas:Video CNBC]

(dem)