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Sep 30, 2023

Apple Q4 2023 Earnings Report

Apple's Q4 2023 revenue decreased slightly, but EPS increased. iPhone revenue set a September quarter record, and Services revenue reached an all-time high.

Key Takeaways

Apple reported Q4 2023 revenue of $89.5 billion, a 1% decrease year-over-year. However, earnings per diluted share increased by 13% to $1.46. The company saw record iPhone revenue for the September quarter and an all-time high in Services revenue.

iPhone revenue set a September quarter record.

Services revenue reached a new all-time high.

Active installed base of devices reached a new all-time high across all products and geographic segments.

Company returned nearly $25 billion to shareholders through dividends and share repurchases.

Total Revenue
$89.5B
Previous year: $90.1B
-0.7%
EPS
$1.46
Previous year: $1.29
+13.2%
Gross Profit
$40.4B
Previous year: $38.1B
+6.1%
Cash and Equivalents
$30B
Previous year: $23.6B
+26.7%
Free Cash Flow
$19.4B
Previous year: $20.8B
-6.7%
Total Assets
$353B
Previous year: $353B
+-0.0%

Apple

Apple

Apple Revenue by Segment

Apple Revenue by Geographic Location

Forward Guidance

The press release contains forward-looking statements about payment of the Company’s quarterly dividend and its environmental goals and initiatives.

Revenue & Expenses

Visualization of income flow from segment revenue to net income