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
“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):
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