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
Omnichannel push, margin dynamics in focus as Walmart gears up for Q3 earnings
Walmart Inc. (NYSE: WMT) entered the second half of FY26 navigating a challenging retail landscape marked by tariff-related cost pressure and cautious consumer behavior. At the same time, the company
AMAT Earnings: Applied Materials Q4 adjusted profit drops on lower revenues
Semiconductor equipment maker Applied Materials, Inc. (NASDAQ: AMAT) on Thursday reported a decrease in adjusted earnings for the fourth quarter of fiscal 2025. Adjusted earnings declined to $2.17 per share
Disney’s (DIS) streaming business continues its momentum in Q4 2025
Shares of The Walt Disney Company (NYSE: DIS) fell 9% on Thursday after the company delivered mixed results for the fourth quarter of 2025. While earnings beat expectations, revenues fell
