Apple releases first-quarter financial data.
The installed base for all main product categories surpasses 2 billion active devices and is at an all-time high.
New all-time revenue record reached by services
Apple released its financial figures today for the first quarter of fiscal 2023, which concluded on December 31, 2022. The company reported $117.2 billion in quarterly revenue, a 5% decrease from the prior year, and $1.88 in earnings per diluted share.
Tim Cook, the CEO of Apple, said, “As we all work to navigate a hard climate, we are thrilled to have our best array of goods and services ever. And as always, we remain focused on the long term and are leading with our values in everything we do. We reached a significant milestone during the December quarter, and we’re happy to inform that our expanding installed base now includes more than 2 billion active devices.
In spite of a challenging macroeconomic environment and considerable supply restrictions, Apple’s overall company sales increased on a constant currency basis, according to CFO Luca Maestri. “We reached an all-time revenue record of $20.8 billion in our Services division,” he added. “We continued to invest in our long-term growth plans during the quarter, generating $34 billion in operational cash flow and returning over $25 billion to shareholders.”
The board of directors of Apple has declared a cash dividend per share of the company’s common stock in the amount of $0.23. Shareholders with records as of the close of business on February 13, 2023 will receive the dividend on February 16, 2023.
Beginning at 2:00 p.m. PT on February 2, 2023, Apple will webcast its Q1 2023 financial results conference call live at apple.com/investor/earnings-call. For roughly two weeks after that, you can watch the webcast again.
