Last week, Apple posted revenues of $117.2 billion and a net quarterly profit of $30.0 billion for its Q1 2023 financial statement,
The company’s revenue was down approximately 5 between year-over-year between Q1 2022 and Q1 2023, a steeper decline than had been expected by analysts as Apple grappled with iPhone supply issues in particular but which also saw declines in Mac and wearables.
The gross margin for the quarter stood at 43 percent, compared to 43.8 percent in the year-ago quarter.
Apple CEO Tim Cook offered the following comments:
“As we all continue to navigate a challenging environment, we are proud to have our best lineup of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do, During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base.”
As has been the case for over two years now, Apple is once again not issuing guidance for the current quarter ending in March.
Stay tuned for additional details as they become available.
Via MacRumors