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Apple Surpasses Expectations in Q4 2023 with $89.5B Earnings

Apple has released its fiscal year 2023 fourth-quarter earnings data. During the three-month period, the corporation earned $89.50 billion in revenue. Analysts predicted revenue of $84.18 billion. In the same quarter last year, the company posted revenue of $90.15 billion. The iPhone 15 range, Apple Watch Series 9, Apple Watch Ultra 2, and USB-C AirPods Pro 2 were all introduced during the quarter.


Apple revealed the M3 iMac and 14-inch MacBook Pro, as well as the M3 Pro and M3 Max 14- and 16-inch MacBook Pros, earlier this week. M3 Macs will begin delivering next week and will be included in Apple’s fiscal year 2024 Q1 figures.


Apple also hiked the costs of Apple TV+, Apple Arcade, and Apple News+ recently. These modifications will be implemented during the course of the next fiscal quarter.


The prior quarter’s revenue was $43.8 billion from the iPhone, $22.3 billion from services, $9.3 billion from wearables, $7.6 billion from the Mac, and $6.4 billion from the iPad. Profit for the corporation was $22.96 billion.


Apple will have a conference call to discuss the quarter today at 2 p.m. Pacific/5 p.m. Eastern. Cook and Maestri will both provide prepared statements before taking questions from analysts on the call. 

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