Apple has now officially opened its books and announced its results for the third fiscal quarter of 2023 (second calendar quarter of 2023).
Apple has now opened the books and released the results for the third fiscal quarter of 2023 (second calendar quarter of 2023). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference either, as the company was unable to provide a realistic estimate due to the ongoing crisis. Apple posted sales of $81.8 billion and net income of $19.9 billion, or $1.26 per share, in the last quarter, compared to sales of $83 billion and net income of $19.4 billion, or $1.20 per share in the same quarter last year. So expressed Apple boss Tim Cook said:
We're pleased to have achieved a new service revenue record in the June quarter with more than one billion paid subscriptions, and to continue to be strong thanks to strong iPhone sales in emerging markets. From education to the environment, we remain committed to our values while driving innovations that enrich our customers' lives and make the world better than we found it.
Apple Q3/2023: Exceeds expectations despite difficult environment
Apple’s CFO, Luca Maestri, said:
Our June quarter financial results improved compared to the March quarter, and our installed base of active devices reached historic highs across all geographic segments. We generated very strong operating cash flow of $26 billion this quarter, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans.
Apple's board of directors approved a dividend payment of $0.24 per share. The dividend will be paid on August 17 to shareholders of record on August 14. (Photo by Bigc Studio / Bigstockphoto)
