Apple Inc. Q3 2023 Earnings Analysis
Revenue declined 1.4% year over year and fell 13.7% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Apple Inc. also posted year-over-year earnings growth, reinforcing a more resilient operating profile.
Revenue trend
Revenue pressure continues, indicating softer demand or pricing headwinds.
Margin and earnings quality
Margins deteriorated from last quarter, indicating weaker profit conversion.
What matters next
Investors will continue watching execution quality.
Revenue & YoY Growth
QuarterlyRevenue trend and year-over-year growth across recent reported quarterly periods.
Net Income & Net Margin
QuarterlyNet income and net margin trend over recent reported quarterly periods.
Revenue Analysis
Apple Inc. reported $81.8B in revenue for Q3 2023, down 1.4% YoY and down 13.7% QoQ. The year-over-year decline indicates ongoing pressure on topline performance.
Profitability Analysis
Net income came in at $19.9B, up 2.3% YoY and down 17.7% QoQ. Net margin was 24.3%. Sequential margin deterioration suggests profitability remains under pressure.
Frequently Asked Questions
Quick factual answers for this report. Need the why behind them? Ask the report assistant.
What was Apple Inc.'s revenue in Q3 2023?
Apple Inc. reported revenue of $81.8B in Q3 2023.
What was Apple Inc.'s net income in Q3 2023?
Apple Inc. reported net income of $19.9B in Q3 2023.
How did Apple Inc.'s revenue change year over year?
Apple Inc.'s revenue decreased by 1.4% year over year in Q3 2023.
What was Apple Inc.'s net margin in Q3 2023?
Apple Inc.'s net margin was 24.3% in Q3 2023.
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Data Source & Methodology
Financial data is sourced from company filings and internal processed earnings data.
YoY and QoQ values are derived from reported quarterly figures when not directly available.
This page is for informational purposes only and does not constitute investment advice.
