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Apple’s Earnings Suffer Due to iPhone Production Problems in China

  • Apple’s revenue for the first quarter of 2023 was $117.15 billion.
  • This is a decrease 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 both an economic downturn and Chinese factory issues.
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