Apple on Thursday introduced its second quarter 2023 earnings, posting income of $94.8 billion for the quarter, a 3 % decline 12 months over 12 months, and quarterly earnings per diluted share of $1.52, which is unchanged from final 12 months.
Apple beat the expectations of analysts that predicted income of $92.96 billion and $1.43 earnings per share.
Mac gross sales took the largest hit, posting web income of $7.2 billion, a 31 % lower in comparison with the identical quarter final 12 months. iPad income was additionally down 13 % to $6.7 billion. Apple did say, nevertheless, that the Mac and iPad reached all-time highs for his or her put in bases worldwide, however the firm didn’t present numbers.
Apple’s Wearables, House and Equipment gross sales have been flat, with $8.76 billion this quarter, in comparison with $8.8 billion.
Nevertheless, Apple’s Companies proceed to develop, with web income this quarter of $20.9 billion, a brand new all-time report for the corporate and up from 5.5 % from Q2 2022. iPhone web income grew 1.5 % and set a March quarter report.
“We’re happy to report an all-time report in Companies 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,” Apple CEO Tim Cook dinner stated in a press launch. “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.”
Right here’s how the quarter ended for Apple:
- iPhone: $51.3 billion (up from $50.6 billion)
- iPad: $6.7 billion (down from $7.6 billion)
- Mac: $7.2 billion (down from $10.4 billion)
- Wearables: $8.76 billion (down from $8.8 billion)
- Companies: $20.9 billion (up from $19.8 billion)
As for steerage for the third quarter 2023, Apple expects outcomes just like Q2, assuming circumstances don’t change.
