Apple’s quarterly income decline of up to 5%, to $117.2 billion, This giant company also recorded its Installed base of 2 billion active devices
Heaptalk, Jakarta — Apple has released its financial results for its fiscal 2023 first quarter ended December 31st, 2022. In a quarterly earning report, this technology company encountered its first year-over-year loss since before the COVID-19 pandemic.
The company has generated quarterly revenue worth US$117.2 billion, or approximately Rp1,749 trillion. This output downed 5% year over year and quarterly profits per diluted share worth US$1.88. Several obstacles affected the business slowdown of Apple, including the broader economic climate, the currency value reinforcement, and the production matters in China, impacting the iPhone 14 Pro and Pro Max supply stagnation.
“As we continue navigating a challenging environment, we are proud to have our best lineup of products and services. As always, we remain focused on the long term and lead with our values in everything we do. In the December quarter, we achieved a major milestone and have more than 2 billion active devices as part of our growing installed base,” affirmed Apple’s CEO, Tim Cook, cited on the official website.
Apple also revealed that the sales of Mac products have decreased by 29% to US$7.7 billion compared to last year’s earlier quarter. On the other hand, in terms of its wearable devices, covering Apple Watch and AirPods, the report noticed a decline of 8% to US$13.5 billion. While in the iPad product sales, Apple’s revenue has enhanced by 30%, attaining US$9.4 billion during the comparable quarter.
As reported by Nikkei Asia, Apple’s revenue in China also weakened by 7.3%, becoming US$23.9 billion. Meanwhile, in Japan, this giant technology device producer’s income also fell 5%, becoming US$6.8 billion. In the overall result in Asia Pacific, this big company’s income has plummeted by 2.8%, becoming US$9.5 billion.
Besides demonstrating a business decline of its several products, Apple’s CFO, Luca Maestri, discloses the company has set an all-time revenue record worth US$20.8 billion in terms of its services business unit. In addition, the operating cash flow of Apple has a yield of US$34 billion and returned over US$25 billion to the shareholders during the quarter.
As additional information, Apple’s board of directors has also unveiled a cash dividend of US$0.23 per share of the company’s common stock. The management will disburse the dividend on February 16th, 2023, to shareholders of record as of the close of business on February 13th, 2023.