Apple Inc. said on Thursday its revenue in the second quarter of its fiscal 2023 amounted to $94.8 billion, falling by 3% on the yearly basis. The figure, however, topped market projections.
Diluted earnings per share (EPS) also came in above expectations, arriving at $1.52, unchanged from the corresponding quarter the year before. The American tech giant reported $24.16 billion in net income during the second trimester in comparison to $25.01 billion registered last year, while iPhone sales went up by 2% to $51.3 billion.
"We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment," Chief Executive Officer Tim Cook stated. The company authorized $90 billion for share repurchases and raised quarterly dividend for "the eleventh year in a row."
Apple's shares increased 1.51% in the extended trading after the company announced better-than-expected results.
