Apple's iPad, Services Unit Shines Amid Revenue Decline; AI Integration in Products in the Worksby@chinechnduka
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Apple's iPad, Services Unit Shines Amid Revenue Decline; AI Integration in Products in the Works

by Chinecherem Nduka3mFebruary 3rd, 2023
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Apple released its fiscal Q1 2023 financial results on Feb. 2, and it was one of the least impressive quarters for the business in recent memory. For the first time in close to four years, Apple's quarterly revenues declined. Products revenue was $96.4 billion, down 8% from last year, Mac revenue was 29% down, and overall revenue was down more than 5% year over year. This was in part due to the company's failure to match sales from the same quarter last year across the majority of its hardware segments.

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Chinecherem Nduka

Chinecherem Nduka

@chinechnduka

Tech Journalist @ HackerNoon🪄

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Chinecherem Nduka@chinechnduka
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