earnings report, analysts were anticipating revenue to fall in the range of $81.7 billion with EPS coming in at around $1.19. As a point of comparison, Apple during the same quarter a year ago posted revenue of $83 billion and earnings of $1.20 a share. With that said, Apple saw its quarterly profit rise ever so slightly even though revenue dropped by $1.2 billion.
Per usual, the focal point of Apple’s earnings centers on iPhone revenue. Recall that Apple for some time now has opted to not release sales figures across each of its product lines. Still, it’s possible to gauge the vibrancy of Apple’s individual products by taking a look at how much money they bring in.
Revenue from Apple’s Wearables, Home and Accessories categories increased slightly from $8.08 billion in Q3 2022 to $8.2 billion during the most recent June quarter. And as highlighted by Tim Cook above, Apple’s Services revenue hit an all-time high of $21.2 billion for the quarter.
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