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Apr 01, 2023
Apple Q2 2023 Earnings Report
Apple's Q2 2023 earnings were reported, revealing record Services revenue and a March quarter record for iPhone, despite a challenging macroeconomic environment.
Key Takeaways
Apple reported Q2 2023 revenue of $94.8 billion, a 3% decrease year-over-year, with earnings per diluted share of $1.52, unchanged year-over-year. The company saw record Services revenue and a March quarter record for iPhone. The board has authorized an additional $90 billion for share repurchases and raised the quarterly dividend by 4% to $0.24 per share.
Apple's Q2 2023 revenue was $94.8 billion, down 3% year-over-year.
Earnings per diluted share were $1.52, unchanged year-over-year.
Services revenue reached an all-time record.
iPhone revenue set a March quarter record.
Apple
Apple
Apple Revenue by Segment
Apple Revenue by Geographic Location
Revenue by Segment
Services Revenue
CapyFin.comiPhone Revenue
CapyFin.comMac Revenue
CapyFin.comiPad Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comJapan Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements regarding the Company’s plans for return of capital, the payment of its quarterly dividend, its installed base growth, and its investment plans and environmental initiatives.
Positive Outlook
- Plans for return of capital
- Payment of its quarterly dividend
- Installed base growth
- Investment plans
- Environmental initiatives
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 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