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        Apple Q4 FY2023: Weak outlook overshadows record iPhone quarter
        Event Description
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        💡Summary: Apple released its financial report for the fourth fiscal quarter with revenue of $89.5 billion(-1% YoY), and EPS of $1.46(+13% Y Show More
        💡Summary:
        Apple released its financial report for the fourth fiscal quarter with revenue of $89.5 billion(-1% YoY), and EPS of $1.46(+13% YoY). It generally aligns with analysts' expectations but revealed that overall sales fell for the fourth quarter in a row.
        Although Apple's iPhone sales hit a fourth-quarter high, all other hardware revenues fell back year-over-year, with big drops in the iPad and Mac segments. Mac sales were $7.61 billion(-34% YoY) and iPad sales were $6.44 billion(-10% YoY).

        However, Apple's services business was a bright spot with a notable increase in revenue of $22.31 billion(+16% YoY). Cook also added that the company "has work going on" in terms of generative AI.

        🎙️Q:
        1) Are you satisfied with Apple's fourth-quarter sales?
        2) Do you think Apple will catch up in the AI race soon?

        View disclosure here.
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