Apple on Thursday announced the financial results for its fiscal third quarter of 2023 and there were few bright spots. While the company still made $81.8 billion in the period, that represented a 1 percent decline over last year’s Q3 results, and all major product categories—iPhone, iPad, and Mac—were down as well. While revenue was down, an increase in margin means that profit was up to $19.9 billion from $19.4 billion in the year-ago quarter.
The lone bright spot was Services, which posted a year-over-year jump of 8 percent to an all-time record of $21.21 billion, higher than Mac, iPad, and Wearables/Home/Accessories combined. The iPhone is still Apple’s largest category by far, raking in just under $40 billion in the quarter.
Read more at Macworld.com