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.

Apple Q2 2023 earnings infographic

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.

iPhone quarterly revenue change

“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

  • Apple Q1 2023 earnings infographic
  • Apple Q4 2022 earnings infographic
  • Apple Q3 2022 earnings infographic
  • Apple Q2 2022 earnings infographic
  • Apple Q1 2022 earnings infographic


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