Apple (AAPL) 🍎 Q2 earnings have been announced! Record revenue and EPS exceeding market expectations ✨ Stock price is up 2% in after-hours trading 🚀

🔸 FY23Q2 Performance
⭕️ EPS: $1.52 (exceeding estimates by +$0.09)
⭕️ Revenue: $94.84 billion (exceeding estimates by +$1.9 billion)
📉 Revenue Growth Rate: -3% Y/Y

🔸 Shareholder Returns
📈 Dividends: $0.24 per share (+4.3%)
⭕️ 11 consecutive years of increasing dividends
Buyback of shares: $90 billion

Category-wise revenue
iPhone: $51.33 billion (+1.5% Y/Y)
Mac: $7.17 billion (-31.3% Y/Y)
iPad: $6.67 billion (-12.7% Y/Y)
Wearables, Home and Accessories: $8.75 billion (-0.7% Y/Y)
Services: $20.9 billion (+5.4% Y/Y)

Summary
✔︎ iPhone: Despite the sluggish global smartphone market, sales are growing.
✔︎ Services: Apple Care and Apple TV are doing well.
✔︎ Paid subscriptions: 0.975 billion (+0.150 billion Y/Y, double that of three years ago).
✔︎ India market: Strong growth, expecting expansion of the next middle class.