- APPLE CROSSES BILLION ACTIVE USERS UPDATE
- APPLE CROSSES BILLION ACTIVE USERS PRO
- APPLE CROSSES BILLION ACTIVE USERS PLUS
And our pro users continue to rave about the most powerful camera system ever in an iPhone.
APPLE CROSSES BILLION ACTIVE USERS PLUS
The iPhone 14 and 14 plus continue to delight users with their long lasting battery and advanced camera. Let's start with iPhone, which set a new March quarter record with revenue of $51.3 billion.
Let me share how these results showed up across our lineup of products and services. Despite these challenges, we continue to manage for the long term and to push the limits of what's possible, always on behalf of the customers who depend on our products whether it's students exploring new frontiers, developers dreaming up their next big idea, or artists taking their creativity to a whole new level. Revenue was down 3% year-over-year as a result, while on a constant currency basis, we grew in total and in the vast majority of the markets we tried.
During the March quarter, we continued to face foreign exchange headwinds, which had an impact of more than 500 basis points, as well as ongoing challenges related to the macroeconomic environment. It speaks to the incredible power of Apple products and services to enrich people's lives in indispensable ways.Īnd whether it's in the design lab in Cupertino, or in one of the brand new retail stores in India, I am constantly inspired by the way our people come together to make a real difference in the world. This result is a testament, first and foremost to our teams around the world who are engaged every day in the work of bringing new innovations to life.
We were particularly pleased with the performance we saw in emerging markets and achieved all-time records in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, as well as a number of March quarter records, including in Brazil, Malaysia and India. We set an all-time record for Services and a March quarter record for iPhone. Today, we're reporting revenue of $94.8 billion for the March quarter, which was better than our expectations. Good afternoon, everyone, and thanks for joining us. I'd now like to turn the call over to Tim for introductory remarks.
APPLE CROSSES BILLION ACTIVE USERS UPDATE
For more information, please refer to the risk factors discussed in Apple's most recently filed annual report on Form 10-K and the Form 8-K filed with the SEC today, along with the associated press release.Īpple assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. These statements involve risks and uncertainties that may cause actual results or trends to differ materially from our forecast. Please note that some of the information you'll hear during our discussion today will consist of forward-looking statements, including, without limitation, those regarding revenue, gross margin, operating expense, other income and expense, taxes, capital allocation, and future business outlook, including the potential impact of macroeconomic conditions on the company's business and results of operations. After that, we'll open the call to questions from analysts. Speaking first today is Apple's CEO, Tim Cook and he'll be followed by CFO, Luca Maestri. Good afternoon and thank you for joining us. At this time, for opening remarks and introductions, I would like to turn the call over to Suhasini Chandramouli, Director of Investor Relations. Good day, and welcome to the Apple’s Q2 Fiscal Year 2023 Earnings Conference Call. Luca Maestri - Senior Vice President and Chief Financial Officer Suhasini Chandramouli - Investor Relations Apple ( NASDAQ: AAPL) Q2 2023 Earnings Call Transcript 5:00 PM ET
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