menu Home chevron_right

Apple Services, Including Music, Hit Record $20.9B in Second Quarter Revenue

tazz | May 4, 2023

After teeing up Wall Street for a difficult fiscal second quarter, the tech giant Apple beat analyst expectations for the quarter, delivering revenue of $94.8 billion (expectations were for $92.9 billion), down 3 percent year over year, and earnings per share of $1.52, flat compared to last year (expectations were for an EPS of $1.43).

Apple’s services segment, which includes Apple TV+, Apple Music, Apple Arcade and other offerings, continues to grow at a rapid clip, reporting revenue of $20.9 billion, a new record.


The company reported net income of $24.16 billion, down from $25 billion a year ago.

“We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said Apple CEO Tim Cook. “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.”

Apple also increased its dividend and announced an additional $90 billion in share repurchases.

This article was originally published by The Hollywood Reporter.

Written by tazz

This area can contain widgets, menus, shortcodes and custom content. You can manage it from the Customizer, in the Second layer section.





  • play_circle_filled

    RZZR Radio

play_arrow skip_previous skip_next volume_down