Apple today released its fiscal 2022 third-quarter results. The company’s third-quarter net revenue was $82.959 billion, up 2% from $81.434 billion in the same period last year; net profit was $19.442 billion, down 11% from $21.744 billion in the same period last year. Among them, the net revenue of Greater China in the third fiscal quarter was 14.604 billion US dollars, compared with 14.762 billion US dollars in the same period last year, a year-on-year decrease of 1%.
Recently, Apple’s official website has launched a rare 4-day discount promotion. During the period, if consumers pay in a designated way, they can save up to 600 yuan when purchasing products such as iPhone 13. There are voices that Apple’s move may be to clear the inventory.
Apple CEO Tim Cook responded by saying that starting Friday, Apple’s four-day discount promotion in China “has nothing to do with clearing inventory.”
Josh Yang is a Tech Writer who loves helping people understand what's going on in the tech industry. He writes about all things tech, from the newest gadgets to how to get your cat off your keyboard. Josh has been writing since 2013 and enjoys discovering new topics and sharing them with his audience.