05.04.2023
Apple today announced financial results for its second fiscal quarter of 2023, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $94.8
For the quarter, Apple posted revenue of $94.8 billion and net quarterly profit of $24.1 billion, or $1.52 per diluted share, compared to revenue of $97.3 billion and net quarterly profit of $25.0 billion, or $1.52 per diluted share, in the year-ago quarter.
Apple set a new all-time record for Services revenue at $20.9 billion and a new March quarter record for iPhone revenue at $51.3 billion, but the Mac in particular saw a significant year-over-year decline in quarterly revenue, falling from $10.4 billion to $7.2 billion.
Gross margin for the quarter was 44.3 percent, compared to 43.7 percent in the year-ago quarter. Apple's board of directors also authorized an additional $90 billion for share repurchases and declared an increased dividend payment of $0.24 per share, up from $0.23 per share. The dividend is payable May 18 to shareholders of record as of May 15.
"We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high," said Tim Cook, Apple's CEO. "We continue to invest for the long term and lead with our values, including making major progress toward building carbon neutral products and supply chains by 2030."As has been the case for three years now, Apple is once again not issuing guidance for the current quarter ending in June.
Apple will provide live streaming of its fiscal Q2 2023 financial results conference call at 2:00 p.m. Pacific, and MacRumors will update this story with coverage of the conference call highlights.
Conference call starts at 2:00 p.m. Pacific - No need to refresh
Loading live updates...
Tag: Earnings
This article, "Apple Reports 2Q 2023 Results: $24.1B Profit on $94.8B Revenue, New March Quarter Record for iPhone Revenue" first appeared on MacRumors.com
Discuss this article in our forums
You may also be interested in this
How to move photos from M…
06.22.2023
Apple will be shutting down My Photo Stream on July 26. Here's how to make sure those photos are saved, and still shareable to all your devices, using iCloud Photos
Future iPhones may be so …
06.15.2023
Apple has been researching how to make an iPhone chassis that looks as good, and feels as smooth, as its current ones, but which can stand up to more wear
Apple expands US investme…
05.23.2023
Apple has announced a major new partnership with Broadcom, one of its long-time supplier partners. This new partnership, which Apple says is a “multibillion-dollar deal,” will see Broadcom develop and
Apple One’s Best Pl…
03.10.2025
Apple One allows you to subscribe to up to six Apple services for one discounted monthly price. There are three Apple One tiers: Individual, Family, and Premier. Over the last
How to use Stolen Device …
01.25.2024
How to use Stolen Device Protection on iPhone Stolen Device Protection adds a layer of security when your iPhone is away from familiar locations, such as home or work, and
iOS 17 iPhone StandBy: Ho…
06.06.2023
One of the headlining new features with iOS 17 is a smart landscape display mode for iPhone when it’s charging. Coming with different clock faces, widgets, access to photos, and more, here’s
Apple’s Back to Sch…
06.06.2023
Apple has launched its Back to School promotion for 2023, but just as with previous years, you may find better offers away from Apple's quite tempting selections.Apple's 2023 Back to
New Apple research highli…
10.18.2023
Researchers from the Apple Heart and Movement Study share new insights into one of the fastest-growing sports around the world: pickleball.
