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Apple reports Q3 results: revenue of $81.8bn, down 1% YOY, profit of $19.9bn, up 5% YOY

Apple today released the latest financial data for the third fiscal quarter (the second quarter of 2023), reported total revenue of 81.79 billion U.S. dollars (currently about RMB 588.07 billion), a year-on-year decline of 1%, earnings per share of 1.26 U.S. dollars; this quarters Apple’s profit for the quarter was $19.88 billion (currently about RMB 142.937 billion), up 5% year-over-year.

The gross margin for the quarter was 44.5 percent, compared to 43.3 percent a year earlier. Apple also announced that it will pay a quarterly dividend of $0.24 per share on 17 August to shareholders as of 14 August.

Apple and the same as in the past, in the earnings data, did not publish product sales, The U.S. technology media 9to5Mac reported that analysts estimate that Apple’s sales of various products in the third quarter of fiscal year 2023 are as follows:

  • iPhone: $39.67 billion (previously estimated at $39.9 billion), compared to $40.67 billion in the same period last year.
  • Mac: $6.84 billion (previously estimated at $6.6 billion), compared with $7.38 billion in the same period last year.
  • iPad: $5.79 billion (prior estimate $6.4 billion) versus $7.22 billion in the same period last year.
  • Wearables, Home and Accessories: $8.28 billion (est. $8.4 billion), compared with $8.08 billion in the same period last year.
  • Services business: $21.21 billion, compared with $19.6 billion a year ago.

Apple CEO Tim Cook on the company’s earnings for the third quarter of fiscal 2023:

We reported strong numbers in the second quarter of the year, with record revenues in our Services business, fuelled by more than 1 billion paid subscribers, and continued strong iPhone sales in emerging markets, further fuelling iPhone expansion.

From education to the environment, we will continue to advance our values while supporting innovations that enrich the lives of our customers and leave the world better than we found it.

said Luca Maestri, Apple’s CFO:

Q2 saw improved performance across all businesses compared to Q1, with our active device install base reaching all-time highs in every geographic region.

During the quarter, we generated very strong operating cash flow of $26 billion, returned more than $24 billion to shareholders, and continued to invest in our long-term growth plans.

Wide

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Stephen Cruise
Stephen Cruisehttps://www.techgoing.com
Stephen Cruise is a senior editor covering latest smartphones, EVs, PC gaming, console, and tech with 11 years of experience.

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