Apple’s highly-anticipated earnings for fiscal Q1 2023 are here, covering the months of October, November, and December. This quarter represents the all-important holiday shopping season for Apple and was also the first full quarter of iPhone 14 availability.
In a quarter significantly impacted by supply chain shortages, Apple reported $117.15 billion in revenue with a profit of $29.99 billion. That’s a decline of 5% in revenue and 13% in net income, compared to the same quarter one year ago.
more…
