Apple has 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 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 Companies.
For the quarter, analysts have been anticipating income of $92.96 billion and earnings-per-share of $1.43. Compared to final yr, internet revenue was down barely from $25.01 billion to $24.16 billion. Income was down from $97.28 billion.
Apple now not studies unit gross sales for any of its merchandise however as a substitute studies a breakdown of income by product class. Right here is the complete 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, Dwelling, and Equipment: $8.76 billion ($8.43 billion estimated)
- Companies: $20.91 billion ($20.97 billion estimated)
Apple CEO Tim Prepare dinner touted the corporate’s efficiency in Q2 2023:
“We’re happy to report an all-time report in Companies and a March quarter report for iPhone regardless of the difficult macroeconomic atmosphere, and to have our put in base of lively units attain an all-time excessive,” mentioned Tim Prepare dinner, Apple’s CEO. “We proceed to take a position 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 echoed Prepare dinner:
“Our year-over-year enterprise efficiency improved in comparison with the December quarter, and we generated robust working money move of $28.6 billion whereas returning over $23 billion to shareholders through the quarter,” mentioned Luca Maestri, Apple’s CFO. “Given our confidence in Apple’s future and the worth we see in our inventory, our Board has approved a further $90 billion for share repurchases. We’re additionally elevating our quarterly dividend for the eleventh yr in a row.”
You may learn Apple’s full earnings launch on this put up on Apple Newsroom. Keep tuned to 9to5Mac for extra protection from the AAPL earnings name with Tim Prepare dinner and Luca Maestri subsequent. You may also pay attention reside by way of the firm’s Investor Relations web site at 2:00 pm PT/5:00 pm ET.
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