Earnings Call

Apple Hits 2 Billion Active Devices; Cook Says Production Disruptions Over

Today Apple announced its Q1 2023 earnings, reporting $117.2 billion in revenue and net income of $29.9 billion for the December quarter. Revenue was down 5% year-over-year, affected by production disruptions in China due to COVID-19. Apple CEO Tim Cook told Reuters in an interview that production disruptions are essentially over, as they "lasted through...