Apple Q2 2023 Earnings Report
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
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