APPLE INC Reports Strong Earnings for FY2023 Q3 on June 30, 2023

August 20, 2023

☀️Earnings Overview

APPLE INC ($NASDAQ:AAPL) reported its earnings results for the fiscal year ending June 30 2023, with total revenue of USD 81.8 billion, a 1.4% decrease from the same period of the previous year. Net income showed an increase of 2.3% year over year and totaled USD 19.9 billion.

Market Price

On Thursday, June 30, 2023, APPLE INC reported its third quarter earnings for the fiscal year of 2023. The results revealed a strong showing for the company, with APPLE INC stock opening at $191.6 and closing at $191.2, down by 0.7% from its last closing price of 192.6. Despite this minor decline, the company’s stock performance still impressed investors and analysts, demonstrating the success of the company’s latest products and services. The earnings report revealed strong growth for the company across various sectors.

Other major product lines such as Apple Watch and AirPods Pro also saw increased demand, signaling consumer optimism in the brand. Overall, APPLE INC’s strong third quarter performance reflects its ability to continue innovating and creating products that appeal to a wide range of consumers. With demand for its products continuing to grow, APPLE INC looks set to continue its success going forward into the next quarter. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Apple Inc. More…

    Total Revenues Net Income Net Margin
    383.93k 94.76k 24.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Apple Inc. More…

    Operations Investing Financing
    113.07k 94 -112.13k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Apple Inc. More…

    Total Assets Total Liabilities Book Value Per Share
    335.04k 274.76k 3.86
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Apple Inc are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    11.9% 18.7% 30.0%
    FCF Margin ROE ROA
    26.3% 117.6% 21.5%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have analyzed APPLE INC‘s fundamentals to provide our users with an in-depth assessment of the company. We have concluded that APPLE INC is a low risk investment in terms of financial and business aspects, based on our Risk Rating. Of course, no investment is ever completely risk-free, and we have detected one risk warning in its balance sheet. So, if you want to find out more about this, make sure to register on and check it out. We are confident that our analysis will help you make informed decisions and maximize your return on investment. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    The competition between Apple Inc and its competitors, Cisco Systems Inc, Microsoft Corp, and Sony Group Corp, has been intense over the years. All of these companies have been competing to offer the best products and services to their customers. Each of them has been striving to create innovative solutions that will stay ahead of the competition. As a result, consumers have been the ultimate beneficiaries of this competition as they have access to cutting-edge technologies and products.

    – Cisco Systems Inc ($NASDAQ:CSCO)

    Cisco Systems Inc is a multinational technology company that designs, manufactures and sells networking equipment. As of 2023, the company has a market capitalization of 199.94 billion dollars, which makes it one of the largest technology companies in the world. Furthermore, its Return on Equity (ROE) stands at 23.05%, which is an indication of its impressive financial performance. Cisco Systems Inc has been successful in providing cutting-edge technological solutions and services to its customers, while maintaining a healthy financial footing.

    – Microsoft Corp ($NASDAQ:MSFT)

    Microsoft Corporation is a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Founded in 1975, Microsoft is one of the world’s leading companies in corporate technology. With a market cap of 1.84T as of 2023, Microsoft is one of the most valuable companies in the world. Microsoft’s Return on Equity (ROE) of 29.64% is also one of the highest rates in the corporate sector. This indicates that the corporation has been able to effectively utilize its equity to generate income and maximize shareholder wealth.

    – Sony Group Corp ($TSE:6758)

    Sony Group Corp is a leading multinational conglomerate corporation based in Japan. The company is engaged in the development, design, manufacture, and sale of electronic equipment, instruments, and devices for consumer, professional and industrial markets. As of 2023, Sony Group Corp has a market cap of 14.3T, making it one of the largest companies in the world. Additionally, the company has a Return on Equity (ROE) of 10.9%, which is an indication of its strong financial performance and profitability.


    Investors have been cautiously optimistic about Apple Inc‘s performance for the Q3 of FY2023, with total revenue seeing a minor decrease of 1.4% compared with the same period of the previous year. However, net income experienced a positive growth of 2.3%, reassuring investors that the company is still performing well. Moving forward, Apple Inc will be focusing on improving their customer engagement strategies through new products and services, as well as strengthening their market presence in key markets around the world. With their strong financial performance, shareholders can expect positive returns in the near future.

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