Apple Posts $117.2B in Revenue With More Live Sports On Deck
Source：CHINA SPORTING GOODS FEDERATIONRelease time：2023-02-07Clicks：
Article From：Front Office Sports
Apple recorded its largest annual quarterly revenue decline since September 2016, but it has live sports to look forward to in Q2.
The technology company reported $117.15 billion in first-quarter revenue, falling short of analysts’ estimates of $121.1 billion and marking a 5.5% year-over-year decline. Net income reached nearly $30 billion, a drop from $34.63 billion during the same period the year prior.
Apple’s products segment accounts for $96.39 billion of total net sales.
Services accounted for the other $20.8 billion.
Apple revealed that it now has 2 billion active devices — up from 1.8 billion last January — which CEO Tim Cook partially attributes to “a lot of first-time buyers in the case of the Apple Watch.”
Its wearables, home, and accessories segment, which includes the Apple Watch, brought in revenue of $13.48 billion.
Apple recorded its largest annual quarterly revenue decline since September 2016, but it has live sports to look forward to in Q2.
The technology company reported $117.15 billion in first-quarter revenue, falling short of analysts’ estimates of $121.1 billion and marking a 5.5% year-over-year decline. Net income reached nearly $30 billion, a drop from $34.63 billion during the same period the year prior.
Apple’s products segment accounts for $96.39 billion of total net sales.
Services accounted for the other $20.8 billion.
Apple revealed that it now has 2 billion active devices — up from 1.8 billion last January — which CEO Tim Cook partially attributes to “a lot of first-time buyers in the case of the Apple Watch.”
Its wearables, home, and accessories segment, which includes the Apple Watch, brought in revenue of $13.48 billion.
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