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Dec 31, 2022
Apple Q1 2023 Earnings Report
Apple's Q1 2023 earnings were released, revealing a slight decrease in revenue compared to the previous year, while the installed base reached a new milestone of over 2 billion active devices.
Key Takeaways
Apple reported Q1 2023 revenue of $117.2 billion, a 5% decrease year-over-year, with earnings per diluted share of $1.88. The Services business set a new all-time revenue record of $20.8 billion. The company generated $34 billion in operating cash flow and returned over $25 billion to shareholders.
Quarterly revenue was $117.2 billion, down 5 percent year over year.
Quarterly earnings per diluted share were $1.88.
Services business achieved an all-time revenue record of $20.8 billion.
Installed base crossed 2 billion active devices, reaching an all-time high.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements regarding the payment of the Company’s quarterly dividend, its installed base growth, and its long-term plans.
Positive Outlook
- Payment of the Company’s quarterly dividend
- Installed base growth
- Long-term plans
- Leading with values
- Best lineup of products and services ever
Challenges Ahead
- Effects of global and regional economic conditions
- Risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets
- Risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data
- Effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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