AAPL reports Q3 2023 earnings: $81.8 billion revenue, iPhone sales dip

Amid concerns from analysts about the possibility of a major drop in revenue, Apple has officially reported its earnings for fiscal Q3 2023. AAPL reported revenue of $81.79 billion, down 1% year-over-year, and earnings-per-share of $1.26. Profit for the quarter came in at $19.88 billion, up 5% year-over-year.

Apple also revealed that it now has over one billion paid subscribers, while its installed base of active devices also hit a new all-time high.

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