June 6, 2023
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Apple’s revenue falls, but iPhone and services sales continue to record highs

Apple announced on Thursday (5/4) the company’s financial report for the second quarter of fiscal year 2023 as of April 1. In this quarter, Apple recorded a revenue of 94.836 billion US dollars, a decrease of 2.5% from the same period last year, and its net income was 24.16 billion U.S. dollars, which is also down 3.4% from last year. However, at a time when Mac, iPad and wearable device revenues continue to decline, Apple’s iPhone and service business revenues both hit new highs. As the results of the financial report were better than analysts’ expectations, Apple’s share price rose 2.49% to $169.92 after hours.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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