Todd Spangler NY Digital Editor Apple’s revenue declined again in the March 2023 quarter, marking its second consecutive quarterly drop in sales.
But the tech giant topped Wall Street forecasts, with its services business hitting a new record for revenue and iPhone sales up 1.5%.
The company reported revenue of $94.8 billion, down 3%, and net income of $24.2 billion (or $1.52 per share) for the quarter ended April 1, which is Apple’s Q2 of fiscal 2023.
Financial analysts expected revenue of $92.96 billion and earnings of $1.43 per share for the quarter, per Refinitiv data. Apple’s Services revenue rose 5.5%, to $20.9 billion, just a hair above $20.8 billion for the year-end 2022 quarter.
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