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  • eth = $2 975.13 - 114.67 (-3.71 %)

  • ton = $5.92 -0.62 (-9.43 %)

5 May, 2023
1 min time to read

Apple has reported its financial results for the fiscal 2023 second quarter.

The tech giant announced quarterly revenue of $94.8 billion, a 3% decline year over year, and quarterly earnings per diluted share of $1.52, unchanged from last year. However, the company noted that its services revenue reached an all-time high during the quarter, and iPhone revenue set a March quarter record.

Despite the challenging macroeconomic environment, Apple's installed base of active devices reached an all-time high. Luca Maestri, Apple’s CFO, stated:

"Our year-over-year business performance improved compared to the December quarter, and we generated strong operating cash flow of $28.6 billion while returning over $23 billion to shareholders during the quarter."

In addition to the financial results, Apple's board of directors has authorized an additional $90 billion for share repurchases, and the company is raising its quarterly dividend for the eleventh year in a row.

Apple's board of directors has declared a cash dividend of $0.24 per share of the company's common stock, an increase of 4%.

Apple's Q2 2023 financial results conference call will be on May 4, 2023, with live streaming available. The webcast will be available for replay for approximately two weeks thereafter.