Apple reports third quarter results

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2023 third quarter ended 1 July 2023 (PDT). The Company posted quarterly revenue of US$81.8 billion, down 1 per cent year over year, and quarterly earnings per diluted share of US$1.26, up 5 per cent year over year. 

“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO. “From education to the environment, we are continuing to advance our values, while championing innovation that enriches the lives of our customers and leaves the world better than we found it.”

“Our June quarter year-over-year business performance improved from the March quarter, and our installed base of active devices reached an all-time high in every geographic segment,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated very strong operating cash flow of US$26 billion, returned over US$24 billion to our shareholders and continued to invest in our long-term growth plans.”

Apple’s board of directors has declared a cash dividend of US$0.24 per share of the Company’s common stock. The dividend is payable on 17 August 2023 (PDT) to shareholders of record as of the close of business on 14 August 2023 (PDT).

Apple will provide live streaming of its Q3 2023 financial results conference call beginning at 9:00 am NZST on 4 August 2023 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.