The company generated $605 million in total revenue in the fourth quarter of 2022, down sharply from $2.49 billion in the year-ago quarter. The company lost $557 million in the three-month period on a GAAP basis on a net income of -$2.46 per share.
Apple is reportedly developing a new smart doorbell camera equipped with Face ID technology. Bloomberg's Mark Gurman recently shared this news through his newsletter.
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