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Apple Quarterly Revenue Dips 3% In Tough Economic Climate, But Results Beat Wall Street Expectations

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deadline.com
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Apple struggled in a tough economic climate during the quarter ending March 31, but still managed to beat Wall Street expectations.

Total revenue in the company’s fiscal second quarter dipped 3% from the year-earlier period to $94.8 billion, while earnings per share were flat at $1.52.

The tech giant set an all-time record for services revenue during the period, with $6.065 billion, up 12% from the year-ago frame.

While hardware remains an essential component of the company’s financials, services (including Apple TV+, Apple Music, iCloud and others) has been a point of emphasis in recent years.

Read more on deadline.com
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