04-08-2023 13:21 via telecoms.com

Apple sales down in Q3, but services driving up profits

US tech giant Apple’s revenue was down by 1% for Q3, but growth in services drove a net profit bump YoY.
Revenue for Q3 came in at $81.8 billion, down 1% YoY, but net profit rose 2.3% to $19.8 billion, and quarterly earnings per diluted share were $1.26, up 5%.
Revenue from services drove the profit bump it seems, rising by 8% to $21.2 billion, though hardware sales were a drag factor with iPhone sales dropping by 2.4% YoY, iPads by 19.8% and Macs by 7.3%.
In terms of region, net sales wer
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