In its fiscal 2023 third-quarter report, tech giant Apple disclosed a quarterly revenue of $81.8 billion, showing a slight 1 percent decrease compared to the same period last year. Despite the dip, the company continues to showcase resilience through an all-time high in its Services division and strong sales in emerging markets. Apple’s CEO, Tim Cook, expressed satisfaction in the company’s performance, citing an all-time revenue record in the Services division, propelled by an impressive 1 billion paid subscriptions. This milestone reflects Apple’s unwavering commitment to delivering exceptional services to its customers, further enhancing their overall experience. The robust sales of the iconic iPhone also played a significant role in bolstering the company’s position in emerging markets, contributing to the strength and stability of Apple’s financial performance. Luca Maestri, Apple’s CFO, highlighted the positive trajectory of business performance compared to the...
Explore the latest in technology news, reviews, and guides. Stay updated with our insightful articles on gadgets, software, AI, cybersecurity, and more.