Net sales of the Cupertino-based tech firm dropped 3% year-over-year to $94.8 billion in the March quarter. Analysts were looking for a bigger decline.
Net profit was $24.16 billion or $1.52 per share in the second quarter, compared to $25.01 billion or $1.52 per share in the corresponding period of 2022. Earnings topped expectations.
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“We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said Apple’s CEO Tim Cook.
