Apple today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year.
“Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO, in a statement. “We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone in our efforts to make all Apple products carbon neutral by 2030.”
“Our active installed base of devices has again reached a new all-time high across all products and all geographic segments, thanks to the strength of our ecosystem and unparalleled customer loyalty,” said Luca Maestri, Apple’s CFO, in a statement. “During the September quarter, our business performance drove double digit EPS growth and we returned nearly $25 billion to our shareholders, while continuing to invest in our long-term growth plans.”
Apple now has $162.1 billion in cash on hand vs. $166.5 billion at the end of Q323.
(For some perspective, Intel is currently valued at $158.9 billion.)
Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock. The dividend is payable on November 16, 2023 to shareholders of record as of the close of business on November 13, 2023.
Apple will provide live streaming of its Q4 2023 financial results conference call beginning at 2:00 p.m. PT on November 2, 2023 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.
Apple’s Q423 results:
• Revenue: $89.498 billion (vs. $90.146 billion YoY)
• EPS: $1.46 (vs. $1.29 YoY)
• iPhone: $43.805 billion (vs. $42.626 billion YoY)
• Services: $22.314 billion (vs. $19.188 billion YoY)
• Wearables, Home, and Accessories: $9.650 billion
• Mac revenue: $7.614 billion (vs. $11.508 billion YoY)
• iPad revenue: $6.443 billion (vs. $7.174 billion YoY)
Here’s what Wall Street was expecting, per LSEG estimates:
• Revenue: $89.28 billion
• EPS: $1.39
• iPhone: $43.81 billion
• Services: $21.35 billion
• Wearables, Home, and Accessories: $9.43 billion
• Mac revenue: $8.63 billion
• iPad revenue: $6.07 billion
MacDailyNews Take: Very nice! (Mac will rebound this quarter.)
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The market is hammering AAPL hard now. Massive selling with shares dropping over $5 in very heavy trading. Tim Cook falls flat on his face. Again.
Yup. It’s all the way down to where it was three days ago. What a disaster!
Guess you were born yesterday… this happens all the time in Tech… especially to Apple… but Apple is not out to please you… it is to make insanely great product Foo! This too shall pass.
I want Apple to do well and I’m glad they beat the estimates, but the economy is in decline and it’s getting harder for people to justify the prices compared to whatever perceived value they offer. And it seems with each new release the user experience gets a little more complicated (I’m talking to you notifications)…fewer people are going to spend upwards of $1000 for a worse experience.
the problem with sales are prices. these systems, though new to market, are mature products. long time customers expect to see prices go down as they believe apple being in control of its cpu would save apple bucket loads of cash. product differentiation is becoming a problem in every category. also expectation were extremely high for the processors’ performance. m3 ultra, and there should be m3 extreme for the tower. plus apple may as well let user of the tower case use discrete graphics cards. there really isn’t a whole lot to put in the expansion slots. plus the price of Mac Pro, no. it is simply too much, but if it where 3X as fast as amd’s threadripper 7000, 96 cores, the price would acceptable.
I totally agree. Only if Apple silicon keeps up or better yet — BEATS AMD Ryzen or Intel Core i9-13980HX chips, only then can their EXTRAORDINARY HIGH PRICES for Pro computers be JUSTIFIED! They would own or share gaming bragging rights to fastest computers out there. Speed FIRST. Industrial design SECOND. Price COMPARABLE.
Got it, Apple?!?…