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Apple’s Fiscal Q4 2023 Results: $23B Profit on Revenue of $89.5B

Apple’s Fiscal Q4 2023 Results: $23B Profit on Revenue of $89.5B

Apple today announced its fiscal fourth quarter 2023 (third calendar quarter) revenue results. The Company posted quarterly revenue of $89.5 billion, down 1% year over year, and quarterly earnings per diluted share of $1.46, up 13% year over year.

Apple posted revenue of $89.5 billion and net quarterly profit of $23.0 billion, or $1.46 per diluted share, compared to revenue of $90.1 billion and net quarterly profit of $20.7 billion, or $1.29 per diluted share, in the year-ago quarter.

“Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon-neutral Apple Watch models, a major milestone in our efforts to make all Apple products carbon neutral by 2030.”

“Our active installed base of devices has again reached a new all-time high across all products and all geographic segments, thanks to the strength of our ecosystem and unparalleled customer loyalty,” said Luca Maestri, Apple’s CFO. “During the September quarter, our business performance drove double-digit EPS growth and we returned nearly $25 billion to our shareholders, while continuing to invest in our long-term growth plans.”

Apple recorded $383.3 billion in sales and $97.0 billion in net income for the full fiscal year, down slightly from $394.3 billion in sales and $99.8 billion in net income for fiscal 2022.

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 December.