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Sep 08, 2023 - news.bensbites.co
Apple's Q3 FY23 income statement reveals a total revenue of $81.8B, marking a 1% decrease year-over-year (Y/Y). Despite this, the company saw an increase in gross profit, which stood at $36.4B with a 45% margin, up 1pp Y/Y. The operating profit was $23.0B with a 28% margin, and the net profit was $19.9B with a 24% margin, up 1pp Y/Y.

The major sources of revenue were the iPhone, generating $39.7B, services bringing in $21.2B, and MacBook and other products contributing $21B. The major expenses were the cost of revenue at $45.4B and operating expenses at $13.4B. The report covers the period ending June 2023 and was sourced from appeconomyinsights.com and Trickle AI.

Key takeaways:

  • Apple's total revenue for Q3 FY23 was $81.8B, a decrease of 1% from the previous year.
  • The company's gross profit was $36.4B, with a margin of 45%, which is an increase of 1pp from the previous year.
  • Major sources of revenue were the iPhone, services, and MacBook and other products, while major expenses included the cost of revenue and operating expenses.
  • The data is for the period ending June 2023 and was sourced from appeconomyinsights.com and Trickle AI.
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