Apple – 4 Quick Notes 2-6-23

In this episode Scott Becker shares 4 quick notes on Apple:

Sales declined 5% in the 1st quarter of 2023 to $117 billion from $124 billion. Profits fell to $30 billion from $34.6 billion. The biggest categories of revenues are iPhone – 56.1%, Services – 17.7% and Wearables – 11.59%. iPads are next. Apple stock rose Friday on a solid profits picture. The stock is down nearly 11% over the last year.