Apple today announced its fiscal third quarter 2023 (second calendar quarter) revenue results. It reported revenue of $81.8 billion, with a net quarterly profit of $19.9 billion, or $1.26 per diluted share, compared to revenue of $83.0 billion and a net quarterly profit of $19.4 billion, or $1.20 per diluted share, in the year-ago quarter.
The gross margin for the quarter was 44.5%, compared to 43.3% in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.24 per share, payable on August 17 to shareholders of record as of August 14.
“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO. “From education to the environment, we are continuing to advance our values, while championing innovation that enriches the lives of our customers and leaves the world better than we found it.”
“Our June quarter year-over-year business performance improved from the March quarter, and our installed base of active devices reached an all-time high in every geographic segment,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated very strong operating cash flow of $26 billion, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans.”
As they’ve done for more than three years now, Apple is once again not issuing any guidance for the current quarter, which ends in September.