Apple Q4 2023 Results

Apple Newsroom:

Apple today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year.

“Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO.

From Apple’s financial statement (PDF, figures are in millions of dollars):

Screenshot of the table for net sales from Apple's financial report for the quarter.

Mac sales are down quite a bit year over year, both on a quarterly basis and trailing 12-month period, but I don’t think that’s a reflection on the Mac platform. Rather, it’s the whole PC market, which is now in a downswing after a huge surge during the early COVID years.

Services, at $22.3 billion, is now just over half the net sales for iPhone ($43.8 billion). And Mac + iPad + Wearables/etc. combine for $23.3 billion, so Services seems on the cusp of soon eclipsing all non-iPhone hardware combined.

See also: Jason Snell’s usual collection of charts.

Thursday, 2 November 2023