October 2, 2023

It was a 3 % drop for the quarter, however the numbers nonetheless regarded good.

Apple on Thursday formally reported earnings for Q2 2023, posting quarterly income of $94.8 billion, down 3 % year-over-year. Earnings-per-share got here in at $1.52, unchanged year-over-year. Web income for the quarter got here in at $24.16 billion.

Apple additionally set a March quarterly report for iPhone income and a brand new all-time excessive for Providers.

Whereas Apple not stories unit gross sales for any of its merchandise however as a substitute stories a breakdown of income by product class. The total breakdown for the fiscal Q1 2023, in comparison with fiscal Q1 2022 numbers, went as follows:

iPhone: $51.33 billion ($48.84 billion estimated)

Mac: $7.17 billion ($7.80 billion estimated)

iPad: $6.67 billion ($6.69 billion estimated)

Wearables, House, and Equipment: $8.76 billion ($8.43 billion estimated)

Providers: $20.91 billion ($20.97 billion estimated)

Apple CEO Tim Cook dinner provided the next feedback concerning the monetary report:

“We’re happy to report an all-time report in Providers and a March quarter report for iPhone regardless of the difficult macroeconomic setting, and to have our put in base of energetic gadgets attain an all-time excessive. We proceed to speculate for the long run and lead with our values, together with making main progress towards constructing carbon impartial merchandise and provide chains by 2030.”

Apple CFO Luca Maestri provided the next:

“Our year-over-year enterprise efficiency improved in comparison with the December quarter, and we generated robust working money circulate of $28.6 billion whereas returning over $23 billion to shareholders through the quarter,” stated Luca Maestri, Apple’s CFO. “Given our confidence in Apple’s future and the worth we see in our inventory, our Board has licensed a further $90 billion for share repurchases. We’re additionally elevating our quarterly dividend for the eleventh yr in a row.”

Keep tuned for added particulars as they grow to be accessible.

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Through 9to5Mac and Apple