Apple services are making more cash than ever, but revenue shrank for the third quarter in a row
Apple's financials in Q3 2023
Key points:
- Apple's revenue from its Services segment reached an all-time high of $21.2 billion, growing 8% year-over-year.
- iPhone, Mac, and iPad revenue declined compared to a year ago, with iPad sales experiencing the largest drop.
- Overall, revenues dropped less than 2% year-over-year, while profits increased about 2% to $19.9 billion.
