Apple profits rise driven by ‘all-time revenue record in services’
Apple has reported increased profits with an “all-time revenue record in services” as the tech giant reaches more than 1 billion paid subscriptions.
In a trading update for the third quarter ending July 2023, Apple reported a net income of $19.8bn (£15.6bn) as compared with the $19.4bn (£15.2bn) the tech giant reported at the same time last year.
Net sales dipped by 1% year on year to $81.8bn (£64.3bn), whereas earnings per share were up 5% year on year.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.