Technology Apple's overall revenues go down again for the fourth fiscal quarter in a row

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Apple revealed its latest financial results today, this time for its fiscal year 2023 fourth quarter that ended on September 30, 2023. Overall revenues were $89.498 billion for the quarter, which was down slightly from $90.146 billion from the same period a year ago. This is the fourth quarter in a row that revenues went down from year to year.

Apple's net income for the quarter was $22.956 billion, up from $20.721 billion from the same period a year ago. As usual, iPhone sales had the biggest revenue numbers with $43.805 billion, up from $42.626 billion from the same period a year ago. Mac PC revenues took a big hit, bringing in $7.614 billion, well below the revenues of $11.508 billion from a year ago. iPad revenues for the quarter were $6.443 billion, down from $7.174 billion from a year ago. Just a reminder: Apple no longer offers any specific sales unit numbers for its hardware products.

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CyberTech

Level 44
Thread author
Verified
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Well-known
Nov 10, 2017
3,281
Apple today announced financial results for the fourth fiscal quarter of 2023, which corresponds to the third calendar quarter of the year.

For the quarter, Apple posted revenue of $89.5 billion and net quarterly profit of $23.0 billion, or $1.46 per diluted share, compared to revenue of $90.1 billion and net quarterly profit of $20.7 billion, or $1.29 per diluted share, in the year-ago quarter.

Gross margin for the quarter was 45.2 percent, compared to 42.3 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.24 per share, payable on November 16 to shareholders of record as of November 13.

For the full fiscal year, Apple recorded $383.3 billion in sales and $97.0 billion in net income, down slightly from $394.3 billion in sales and $99.8 billion in net income for fiscal 2022.

"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. "We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone in our efforts to make all Apple products carbon neutral by 2030."

As has been the case for over three years now, Apple is once again not issuing guidance for the current quarter ending in December.

aapl-4q23-pie.jpg

Apple will provide live streaming of its fiscal Q4 2023 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights

Conference call recap ahead:
 
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