Apple Q1 2023 Earnings Report
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.
Apple
Apple
Apple Revenue by Segment
Apple 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.
- Reliance on third parties for components, technology, manufacturing, applications, and content
Revenue & Expenses
Visualization of income flow from segment revenue to net income