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Apple Inc. (NASDAQ: AAPL ) on Friday announced financial results for the first quarter of 2023, reporting a decline in revenue and net income.
The Cupertino-based gadget giant’s net sales fell 5% year over year to $117.2 billion in the first quarter while iPhone sales fell 8%.
In the December quarter, net income fell to $30.0 billion or $1.88 per share from $34.6 billion or $2.10 per share in the corresponding period in 2022.
“As we all continue to navigate a challenging environment, we are proud to have the best lineup of products and services, and as always, we remain focused on the long term and driving values in everything we do,” Apple said. CEO Tim Cook.
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