Apple announces second quarter 2023 results

Apple communicated the financial data of second fiscal quarter of 2023ended April 1, 2023. The company obtained a quarterly revenue of $94.8 billion, with a decrease of 3% compared to the same period of the previous year. And earnings per diluted share of $1.52, flat from last year.

Apple, Apple’s second quarter 2023 results

“We are proud to announce a all-time record in services and a March quarter record for iPhone despite the challenging macroeconomic environment, and that our installed base of active devices has reached an all-time high,” he said Tim Cook, CEO of Apple. “We continue to invest for the long term and lead with our values, including making major progress toward building carbon neutral products and supply chains by 2030.”

Luke MastersCFO of Apple, explains: “Our year-over-year business performance improved compared to the December quarter and we generated a strong operating cash flow of $28.6 billion, returning more than $23 billion to shareholders during the quarter.”

Maestri continues, “Given our confidence in Apple’s future and the value we see in our stock, our board of directors has authorized additional $90 billion for share repurchases. We are also increasing our quarterly dividend for the 11th consecutive year.”

Apple’s board of directors said a cash dividend of $0.24 per share of the company’s common stock, an increase of 4%. The dividend is payable on May 18, 2023 to shareholders of record as of the close of business on May 15, 2023. The board of directors has also authorized an additional program to repurchase up to $90 billion of the Company’s common stock.

Those interested can retrieve the streaming of the statements to Apple’s shareholders here.