Apple announced this Wednesday (4) its financial report for the second quarter of 2023. According to the company, quarterly revenue was $94.8 billion, down 3% from last year. However, quarterly earnings per share of $1.52 remained unchanged. CEO Tim Cook took the opportunity to celebrate Record revenue in the services segmentthe biggest ever, and also another record for the iPhone 14, the biggest quarterly record for March.

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Other divisions, such as Mac and iPad, showed a drop in revenue compared to last year. Despite the disclosure of financial results, the company did not report the exact numbers received in Apple Newsroom. Given the company’s good performance, Cook told CNBC that Apple does not intend to carry out mass layoffs like other companies in the technology sector. “I see this as a last resort and therefore mass layoffs are not what we are talking about now.”

The results are considered positive

In the report, Cook emphasized, “an all-time record in services and a quarterly record in March for the iPhone, despite a challenging macro environment.” For Macs, revenue fell about 31% year-on-year to $7.17 billion. The expected numbers for the quarter were at least $7.80 billion, but the numbers were lower than expected.

Despite the drop, Tim Cook explained in an interview with CNBC that it’s hard to expect an increase in revenue, mainly because the numbers come from results during the “pandemic boom”. iPad revenue also declined 13% to $6.67 billion. In any case, despite the decline in iPad and Mac revenue, the positive results in Services and iPhone were seen as very positive, which is good news.led to an increase in the value of the company’s shares by 2%and the results were announced to shareholders.

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Source: Edge

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