September 30, 2023

Final week, Apple posted revenues of $117.2 billion and a web quarterly revenue of $30.0 billion for its Q1 2023 monetary assertion,

The corporate’s income was down roughly 5 between year-over-year between Q1 2022 and Q1 2023, a steeper decline than had been anticipated by analysts as Apple grappled with iPhone provide points particularly however which additionally noticed declines in Mac and wearables.

The gross margin for the quarter stood at 43 p.c, in comparison with 43.8 p.c within the year-ago quarter.

Apple CEO Tim Cook dinner supplied the next feedback:

“As all of us proceed to navigate a difficult setting, we’re proud to have our greatest lineup of services ever, and as at all times, we stay centered on the long run and are main with our values in every part we do, Through the December quarter, we achieved a significant milestone and are excited to report that we now have greater than 2 billion lively gadgets as a part of our rising put in base.”

As has been the case for over two years now, Apple is as soon as once more not issuing steerage for the present quarter ending in March.

Keep tuned for added particulars as they turn into out there.

Through MacRumors

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