Apple's 2023 Profits Fall, but Still Exceed Rp 1.5 Quadrillion

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Adi Ahdiat 17/04/2024 15:55 WIB

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Apple, the iPhone maker, reported a net profit of US$96.99 billion in fiscal year 2023, approximately equivalent to Rp1,551 trillion.

Apple's Net Income by Fiscal Year (2019-2023)

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Apple's Net Income by Fiscal Year (2019-2023)

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Apple, the iPhone producer, reported a net income of nearly US$97 billion in fiscal year 2023.

Converted at an exchange rate of Rp16,000 per US$, the company's profit, led by Tim Cook, reached Rp1,551 trillion, equivalent to 7.4% of Indonesia's total economic value in the same year.

Despite its significant value, Apple's 2023 profit decreased by 2.8% compared to 2022 (year-on-year/yoy).

The decline in profit was influenced by a 5.7% yoy decrease in product sales and a 13.9% yoy increase in research and development costs.

Throughout 2023, Apple launched various new products, including the iPad Pro, Next-Generation Apple TV 4K, MacBook Pro 14", MacBook Pro 16", MacBook Air 15", Apple Vision Pro, iPhone 15, Apple Watch Series 9, and Apple Watch Ultra 2.

Its best-selling products came from the smartphone category. iPhone sales in 2023 reached US$200.58 billion, equivalent to 52% of the company's total sales.

In 2024, Apple plans to increase its investment in Indonesia by building an Apple Developer Academy software development training institution in Bali.

Previously, since 2018, Apple has built similar institutions in Tangerang, Surabaya, and Batam.

"The investment for three Apple Developer Academies is Rp1.2 trillion. With the addition of one more in Bali, (Apple's investment in Indonesia) will become Rp1.6 trillion," said Minister of Communication and Informatics Budi Arie Setiadi, as reported by Katadata, Wednesday (17/4/2024).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."