CHART: Apple manages a 2% YoY growth in net profit despite a dip in revenue in its Q3 FY23 results
In its Q3 2023 financial report released on August 3, 2023, Apple Inc. revealed a 1% decrease in quarterly revenue, recording $81.8 billion compared to the same period last year, as the Techloy chart below shows. That figure beat analyst expectations of $81.69 billion, according to data from
In its Q3 2023 financial report released on August 3, 2023, Apple Inc. revealed a 1% decrease in quarterly revenue, recording $81.8 billion compared to the same period last year, as the Techloy chart below shows. That figure beat analyst expectations of $81.69 billion, according to data from Refinitiv.
Despite the slight downturn in total revenue, the company saw a 2.6% year-over-year net income increase to reach $19.9 billion while earnings per share rose 5% to $1.26 the quarter.
