Apple’s $117.2 billion Q1 misses earnings expectations

Apple on Thursday reported revenues of $117.2 billion in the first fiscal quarter, off 5% from a year earlier. While there were several bright spots, the financial report confirmed iPhone supply challenges plagued the company in the last three months of 2022, compounded by the effects of a strong dollar.The numbers game
The overall numbers tell the story:
Product sales generated $96.3 billion compared to $104.4 billion in Q1 FY 22.
Services generated $20.7 billion, up from $19.5 billion a year