Too Long; Didn't Read
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.