Apple Inc. (NASDAQ: AAPL) announced financial results for the first quarter of 2023 on Thursday, reporting declines in revenue and net income.
The Cupertino-based gadget giant’s net sales fell 5% year over year to $117.2 billion in the first quarter, while iPhone sales fell 8%.
For the December quarter, net income decreased to $30.0 billion, or $1.88 per share, from $34.6 billion, or $2.10 per share, in the corresponding period of 2022.
“As we all continue to navigate a challenging environment, we pride ourselves on having our best offering of products and services ever and, as always, we remain focused on the long term and lead with our values ​​in everything we do,” said Apple CEO Tim Cook.
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