June 5, 2023

Apple Q2 2023 Earning Reports: $94.8bn Revenue, New Records for Services and iPhone

Apple has formally introduced its incomes studies for Q2 2023. Apple posted quarterly income of $94.8 billion, down 3% year-over-year. Earnings-per-share got here in at $1.52, unchanged year-over-year. Internet revenue 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.

Apple Q2 2023 Incomes Reviews: $94.8bn Income, New Information for Providers and iPhone

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For the quarter, analysts had been anticipating income of $92.96 billion and earnings-per-share of $1.43. Compared to final 12 months, internet earnings was down barely from $25.01 billion to $24.16 billion. Income was down from $97.28 billion.

Apple CEO Tim Cook dinner touted the corporate’s efficiency in Q2 2023:

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

Apple now not studies unit gross sales for any of its merchandise. Nonetheless, the corporate studies a breakdown of income by product class. Right here is the total breakdown for the fiscal Q1 2023, in comparison with fiscal Q1 2022 numbers.

  • 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)

You possibly can try Apple’s full earnings launch within the submit on Apple Newsroom.

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