Apple misses revenue target for the first time in five years

Image Credit: AppleInsider
  • 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.