Apple crosses 2 billion active devices

Apple has introduced its monetary outcomes for its fiscal 2023 first quarter that ended December 31, 2022, wherein the tech large revealed that it has crossed two billion active devices.

The firm additionally reported quarterly income of $117.2 billion, a 5 per cent lower 12 months over 12 months, and quarterly earnings per diluted share of $1.88.

“As all of us proceed to navigate a difficult setting, we’re proud to have our greatest lineup of services ever, and as at all times, we stay centered on the long run and are main with our values in all the things we do,” Tim Cook, Apple’s CEO, stated in an announcement.

“During the December quarter, we achieved a significant milestone and are excited to report that we now have greater than 2 billion active devices as a part of our rising put in base,” Cook added.

Apple’s board of administrators has declared a money dividend of $0.23 per share of the corporate’s frequent inventory.

Shareholders with information as of the shut of enterprise on February 13 will obtain the dividend on February 16, the iPhone maker stated.

“We set an all-time income document of $20.8 billion in our Services enterprise, and regardless of a tough macroeconomic setting and vital provide constraints, we grew whole firm income on a relentless foreign money foundation,” stated Luca Maestri, CFO, Apple.

“We generated $34 billion in working money movement and returned over $25 billion to shareholders through the quarter whereas persevering with to put money into our long-term development plans,” Maestri added.

(With inputs from IANS)