Apple (AAPL) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the immediately preceding quarter. However, revenue declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$89.5B
Revenue reported for this quarter.
Quarter-over-quarter
+9.4%
Change from the immediately preceding quarter.
Year-over-year
-0.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$383.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $117.2B | -5.5% |
| Apr 1, 2023 | $94.8B | -2.5% |
| Jul 1, 2023 | $81.8B | -1.4% |
| Sep 30, 2023 | $89.5B | -0.7% |
Revenue performance
The reported revenue direction is upward from the prior quarter, reversing the sequential declines seen in the three earlier quarters of the fiscal year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Compared to the same quarter one year earlier, revenue was slightly lower.
What to watch
The filing context notes sufficient liquidity from cash and marketable securities, but no causal link to revenue performance is provided.