- Apple reported $117.15 billion in revenue for the first quarter of 2023.
- This is a decline from the $123.9 billion reported in the previous quarter.
- The earnings per share of $1.88 for the quarter is down from the $2.10 seen one year prior.
- The earnings were impacted by an economic downturn and Chinese factory issues.
Apple misses revenue target for the first time in five years