Apple's first quarter financial results. 5% decrease in profit from 2016
Apple has announced financial results for the first quarter of fiscal 2023 (ending December 31). Financial highlights are as follows.
▶️ Revenue for the first quarter of the fiscal year was $117.2 billion, the company announced on Thursday. Wall Street's forecast is about 121.1 billion dollars.
▶️ Earnings per share were 1.88 dollars, which was comparable to the expected average of 1.94 dollars.
▶️ Amid a tough macroeconomic environment and drastic supply constraints, iPhone sales fell about 8% to 65.78 billion dollars.
▶️ Sales in the rapidly growing service sector increased from 19.52 billion dollars to 20.77 billion dollars.
▶️ Sales in Apple's wearables, home, and accessories division declined from 14.7 billion dollars in the same period last year to 13.48 billion dollars, but iPad sales increased from 7.25 billion dollars to 9.4 billion dollars.
- Are you satisfied with the current financial results?
- 2. What do you think about this company and how do you analyze it?
▶️ Revenue for the first quarter of the fiscal year was $117.2 billion, the company announced on Thursday. Wall Street's forecast is about 121.1 billion dollars.
▶️ Earnings per share were 1.88 dollars, which was comparable to the expected average of 1.94 dollars.
▶️ Amid a tough macroeconomic environment and drastic supply constraints, iPhone sales fell about 8% to 65.78 billion dollars.
▶️ Sales in the rapidly growing service sector increased from 19.52 billion dollars to 20.77 billion dollars.
▶️ Sales in Apple's wearables, home, and accessories division declined from 14.7 billion dollars in the same period last year to 13.48 billion dollars, but iPad sales increased from 7.25 billion dollars to 9.4 billion dollars.
- Are you satisfied with the current financial results?
- 2. What do you think about this company and how do you analyze it?
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