Yesterday’s earnings report revealed blended information for AAPL Q3 2023, beginning with a good chunk of dangerous information.

Jason Snell has finished his common sterling work in reworking all of the numbers right into a sequence of colourful charts, letting us see all the important thing data at a look …

AAPL Q3 2023 earnings report

Apple began with the headline numbers.

AAPL reported income of $81.79 billion, down 1% year-over-year, and earnings-per-share of $1.26. Revenue for the quarter got here in at $19.88 billion, up 5% year-over-year.

Income was nearly precisely what analysts had predicted, although there have been some disappointments, as we’ll see.

Income change

Pessimists would notice that income was down year-on-year, and that this was true for the third quarter in a row. However the year-on-year income change chart paints a fuller image.

We will see right here that the pattern is headed in the best path – although Apple itself isn’t committing to a return to development, suggesting that This autumn shall be just like Q3.

{Hardware} income down

There’s extra regarding information in the important thing {hardware} income streams, with Mac down 7%, iPad down 20%, and iPhone down 2%.

Apple CEO Tim Cook dinner and CFO Luca Maestri each pointed to the energy of the put in base of energetic gadgets, and the Providers income this generates. We will see this mirrored within the income cut up between completely different enterprise segments.

Trying forward, Maestri stated yesterday that Apple was anticipating the present quarter to be comparable, so roughly flat year-on-year.

We anticipate our September quarter year-over-year income efficiency to be just like the June quarter, assuming that the macroeconomic outlook doesn’t worsen from what we’re projecting right now for the present quarter.

As ever, take a look at the complete set of charts over at Six Colours.