Apple announced its latest financial results, this time for itself The second fiscal quarter of 2024 ended March 30. Revenues were $90.753 billion in the quarter, but they were down 4% from revenues of $94.836 billion compared to the same period last year. Net profit reached $23.636 billion in the quarter, which also decreased compared to $24.160 billion compared to last year.

Apple CEO Tim Cook He was interviewed by CNBC on the financial results. Cook said it was difficult to compare the last quarter’s results to the corresponding period in 2023. That’s because a year ago, Apple recorded a $5 billion sales delay for its then-current iPhone 14 due to supply issues created by the COVID-19 pandemic. Cook added.

If you subtract that $5 billion from last year’s results, we would have grown this quarter on a year-over-year basis. . . And so we look at it internally according to the company’s performance.

iPhone revenue from the last quarter was $45.96 billion, but this is a 10% decrease compared to the same period a year ago. iPad revenues reached $5.6 billion, which is a 17% decrease compared to last year.

Apple plans to hold a virtual press event on May 7 where the company is expected to unveil new iPad Pro and iPad Air tablets. The iPad Pro models are rumored to have OLED displays and may also be the first products with Apple’s next-generation M4 processor. Cook told CNBC that Apple’s press event next week will also include some news from an “AI perspective.”

Mac revenue reached $7.45 billion in the quarter, up 4% from last year. The other products category, which includes Apple Watch revenue, reached $7.9 billion, down 10% from last year. The services, which include subscriptions to Apple Music and Apple TV+, had revenue of $23.9 billion in the quarter, up 14.2% from last year.