{"id":382940,"date":"2026-11-03T03:44:00","date_gmt":"2026-11-03T11:44:00","guid":{"rendered":"https:\/\/cms-articles.softonic.io\/en\/?p=382940"},"modified":"2026-11-03T03:44:13","modified_gmt":"2026-11-03T11:44:13","slug":"apple-reports-q4-2023-results-89-5-billion-in-revenue-down-1","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/apple-reports-q4-2023-results-89-5-billion-in-revenue-down-1\/","title":{"rendered":"Apple reports Q4 2023 results: $89.5 billion in revenue, down 1%"},"content":{"rendered":"

Apple has posted its fiscal fourth-quarter 2023 results<\/a> on its investor relations site: $89.5 billion<\/strong> in revenue and $23.0 billion in net income.<\/p>\n

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So if you’ve seen claims of a $114.5 billion<\/strong> quarter, those don’t match Apple’s official numbers.<\/p>\n\n

By Apple’s own reporting, the quarter was down 1%<\/strong> year over year. For the full fiscal year, Apple posted $383.3 billion in revenue, versus $394.3 billion in 2022, so 2023 wasn’t Apple’s best revenue year ever.<\/p>\n\n

There were still some bright spots. Apple said iPhone revenue reached a September-quarter record of $43.8 billion<\/strong>, even though Counterpoint Research reported a 20% drop in global smartphone shipments. Services also rose to a record $22.3 billion from $19.2 billion, and Apple said its active installed base hit a new high too.<\/p>\n\n

The rest of the hardware picture was weaker. Total product revenue fell to $67.2 billion<\/strong> from $70.9 billion, and Mac revenue came in at $7.6 billion, down 34%, according to Apple. iPad and wearables demand was softer as well. Then you have memory shortages, higher memory prices, and a $33 billion quarter-to-quarter jump in manufacturing purchase commitments in Apple’s filings, as Apple kept pushing supply diversification into India while Greater China remained a difficult market.<\/p>\n\n

If you follow Apple closely, here’s the update: a mixed quarter<\/strong>, and you can read the full report on Apple’s investor relations site.<\/p>\n

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Apple has posted its fiscal fourth-quarter 2023 results on its investor relations site: $89.5 billion in revenue and $23.0 billion in net income. So if you’ve seen claims of a $114.5 billion quarter, those don’t match Apple’s official numbers. By Apple’s own reporting, the quarter was down 1% year over year. For the full fiscal … Continue reading “Apple reports Q4 2023 results: $89.5 billion in revenue, down 1%”<\/span><\/a><\/p>\n","protected":false},"author":9265,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[],"usertag":[],"vertical":[],"content-category":[],"class_list":["post-382940","post","type-post","status-publish","format-standard","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t