Apple reports first-quarter results

Cupertino, California Apple today announced financial results for its fiscal 2023 first quarter ended 31 December 2022. The Company posted quarterly revenue of US$117.2 billion, down 5 per cent year over year, and quarterly earnings per diluted share of US$1.88.

“As we all continue to navigate a challenging environment, we are proud to have our best line-up of products and services ever, and as always, we remain focused on the long term and are leading with our values in everything we do,” said Tim Cook, Apple’s CEO. “During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part of our growing installed base.”

“We set an all-time revenue record of US$20.8 billion in our Services business, and in spite of a difficult macroeconomic environment and significant supply constraints, we grew total company revenue on a constant currency basis,” said Luca Maestri, Apple’s CFO. “We generated US$34 billion in operating cash flow and returned over US$25 billion to shareholders during the quarter while continuing to invest in our long-term growth plans.”

Apple’s board of directors has declared a cash dividend of US$0.23 per share of the Company’s common stock. The dividend is payable on 16 February 2023 to shareholders of record as of the close of business on 13 February 2023 (PST).

Apple will provide live streaming of its Q1 2023 financial results conference call beginning at 9:00 am AEDT on 3 February 2023 at apple.com/investor/earnings-call. This webcast will be available for replay for approximately two weeks thereafter.