Categories AlphaGraphs, Earnings, LATEST, Technology
Apple (AAPL) Q2 2023 sales down 3%; results beat estimates
Gadget giant Apple Inc. (NASDAQ: AAPL) on Thursday said its second-quarter 2023 sales declined from last year, reflecting lower Mac and iPad sales. The results, however, came in above the market’s projections.
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.
“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.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Hormel Foods (HRL): A look at some of the growth initiatives of this branded food company
Shares of Hormel Foods Corporation (NYSE: HRL) fell 1% on Monday. The stock has dropped 6% over the past month. The branded food company has faced some near-term challenges with
After a positive year, what 2025 holds for IBM?
International Business Machines Corporation (NYSE: IBM) has delivered impressive financial performance in 2024 by focusing on higher-value businesses. The company’s software business experienced stable growth, offsetting softness in its consulting
What to expect when Delta Air Lines (DAL) reports Q4 2024 earnings
Shares of Delta Air Lines (NYSE: DAL) fell 2% on Friday. The stock has gained 17% over the past three months. The airline is scheduled to report its earnings results
