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Michael E. Cohen Adam Engst 17 comments

Apple Q3 2023 Earnings Down 1% on Exchange Rates

Citing “foreign exchange headwinds” and “difficult compares” for its Mac and iPad results from the year-ago quarter, Apple reported a total revenue decline of about 1%. On the other hand, Services revenues continued to expand, and product sales to emerging markets were up. In short, Cupertino isn’t worried.