Apple Announces Record Revenue and EPS for September Quarter

Key Financial Highlights

In its recently released financial results for the fourth quarter of fiscal 2023, Apple reported record revenue and earnings per share (EPS). The tech giant's quarterly revenue reached an impressive $90.15 billion, a 8% increase from the same quarter last year. This marks a new quarterly revenue record for Apple.

The company's EPS also saw significant growth, rising from $1.29 in the fourth quarter of fiscal 2022 to $1.46 in the fourth quarter of fiscal 2023. This represents a 13% increase in EPS.

Strong Demand for Services and Products

Apple attributed the strong financial performance to continued demand for its products and services. The company's iPhone business remained a major revenue driver, with sales increasing by 9% year-over-year. Additionally, Apple's services segment, which includes offerings such as the App Store, iCloud, and Apple Music, continued to grow, with revenue increasing by 5%.
.