Apple Reported Q3 iPhone Revenue $39.67B, Dow From $40.67B YoY; Mac Revenue $6.84B, Down From $7.38B YoY; iPad Revenue $5.79B, Down From $7.22B; Wearables $8.28B, Up From $8.08B; Services $21.21B, Up From $19.6B
Portfolio Pulse from Benzinga Newsdesk
Apple's Q3 report shows a decrease in iPhone, Mac, and iPad revenues compared to the previous year, with iPhone revenue at $39.67B, Mac at $6.84B, and iPad at $5.79B. However, there was an increase in wearables and services revenues, with wearables at $8.28B and services at $21.21B.
August 04, 2023 | 2:52 pm
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Apple's Q3 earnings report shows a mixed performance with decreases in iPhone, Mac, and iPad revenues, but increases in wearables and services revenues.
Apple's Q3 earnings report shows a decrease in revenues for some of its key products - iPhone, Mac, and iPad. This could potentially be a concern for investors. However, the increase in revenues for wearables and services could offset these decreases. The overall impact on the stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100