In Q3 2023, Apple reported revenue of $85.5 billion, up 28% year-over-year, and earnings per share of $2.46, up 43% from the same period last year. The company also generated $31.5 billion in cash flow from operations, a new record.
The iPhone was the standout performer in Q3, with sales of $50.9 billion, up 39% year-over-year. The company also saw strong growth in its services and wearables categories, with revenue of $19.5 billion and $12.3 billion, respectively.
"We are thrilled with our record Q3 results, driven by strong demand for the iPhone and continued growth in our services and wearables categories," said Tim Cook, Apple's CEO. "We are grateful to our customers for their loyalty and to our employees for their hard work and dedication."
Looking ahead, Apple provided guidance for the fourth quarter of 2023, projecting revenue between $84 billion and $87 billion, which would represent another record quarter if achieved. The company also announced a dividend of $0.89 per share, payable on August 12, 2023, to shareholders of record as of July 22, 2023.
Overall, Apple's Q3 2023 results demonstrate the continued strength of the company's product portfolio and the enduring appeal of the iPhone, which remains one of the most popular and profitable consumer electronics devices on the market.