Apple's Fiscal Year 2023 Third Quarter Results By Numbers - Revenue Dips, Profit Rises
Apple has released its financial results for the third quarter of fiscal year 2023, ending on July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year. Let's dive into the numbers and analyze the performance of the company during this period. Revenue Overview Overall, Apple's revenues for the quarter were $81.797 billion, showing a slight decrease compared to $82.959 billion from the same period last year. This marks the third consecutive quarter with a year-on-year revenue decline for the company. Net Income Growth Despite the slight dip in revenues, Apple's net income for the quarter experienced a modest increase, reaching $19.881 billion, compared to $19.442 billion during the same period in the previous year. Revenue Breakdown by Product Categories Despite breakdown of the revenue by product categories, Apple doesn't provi