Apple today officially announced its financial results for the fourth fiscal quarter of 2023, covering the third calendar quarter of 2023, spanning July, August, and September.
Apple reported $89.5 billion in revenue with a net profit of $23 billion, equal to earnings of $1.46 per diluted share. Compared to the same quarter a year ago, Apple posted $90.1 billion in revenue and $20.7 billion in net profit, equal to earnings of $1.29 per diluted share.
Apple reports a revenue breakdown by product category instead of unit sales. The revenue breakdown per category for fiscal Q4 2023 compared to Q4 2022 is as follows:
- iPhone: $43.8 billion vs. $42.63 billion
- Mac: $7.61 billion vs. $11.51 billion
- iPad: $6.44 billion vs. $7.17 billion
- Wearables, Home and Accessories: $9.32 billion vs. $9.65 billion
- Services: $22.31 billion vs. $19.19 billion
Apple’s board of directors authorized a cash dividend payment of $0.24 per share, payable on November 16 to shareholders of record as of November 13. Once again, Apple is not providing an earnings forecast for the current fiscal Q1 2024.
Apple CEO Tim Cook and CFO Luca Maestri had the following to say regarding the company’s performance:
Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services. 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.”
Apple CEO Tim Cook
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. 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 CFO Luca Maestri
