Apple today announced its Q4-23 earnings which ended on September 30, 2023$ with over 89.50 billion in revenue, down 1% year over year, and quarterly earnings per diluted share of $1.46, up 13% year over year. Apple has observed a drop in Mac, iPad, Wearables, Home, and Accessories sales, whereas iPhone and Services have shown an increase.
Statement from Apple:
“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. “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. “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’s board of directors has declared a cash dividend of $0.24 per share. The dividend is payable on November 16, 2023, to shareholders of record as of the close of business on November 13, 2023.
You can listen to the recording of Apple’s Q4-23 conference call here.
Author: Holden Satterwhite
Founder of Appleosophy and Redfruit Media. Twitter: @hesatter
