CHART: Apple manages a 2% YoY growth in net profit despite a dip in revenue in its Q3 FY23 results
In its Q3 2023 financial report released on August 3, 2023, Apple Inc. revealed a 1% decrease in quarterly revenue, recording $81.8 billion compared to the same period last year, as the Techloy chart below shows. That figure beat analyst expectations of $81.69 billion, according to data from Refinitiv.
Despite the slight downturn in total revenue, the company saw a 2.6% year-over-year net income increase to reach $19.9 billion while earnings per share rose 5% to $1.26 the quarter.
This post is for subscribers only
Sign up to read the post and as well as all other member only posts. Subscribing only takes a few seconds and will give you immediate access.
Already have an account? Log in
Get unlimited access to tech news and data delivered to your inbox weekly.
You've successfully subscribed to Techloy
Great! Next, complete checkout to get full access to all premium content.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.