Apple Reports Increased Revenues But Slower Growth in Recent Quarters

Overview

• Apple reported record revenues but slowing growth in its latest earnings report for the June quarter of 2023.
• The company saw strong gains in services and wearables revenue but slower iPhone sales.
• International sales accounted for over 60% of revenue in recent quarters.
• Apple expects revenue between $85-89 billion for the September quarter of 2023.
• The company recently approved a new $100 billion share buyback program and increased its dividend.