Apple's profit in the first half of the year fell by 9%

The manufacturer of phones and smart devices Apple has presented a profit report in the first half of the 2022-2023 fiscal year, which ended on April 1.

The company's net profit decreased by 9% year-on-year and reached $54.158 billion. Diluted earnings per share were $3.41 compared to $3.62 a year earlier. The company's revenue for the reporting period increased by 4% to $211.99 billion.

In the second quarter of fiscal year 2022-2023, Apple's net profit decreased by 3.4% to $24.16 billion. Diluted earnings per share were $1.52, the same as a year earlier. The company's revenue for the reporting period decreased by 2.5% to $94.836 billion.

At the same time, revenue from iPhone sales in the second quarter increased by 1.5% y/y and amounted to $51.334 billion, Mac – decreased by 31.3% to $7.4168 billion, iPad – by 12% to $6.67 billion.

Sales of devices in the Wearables, Home and Accessories segment (which includes Apple Watch and AirPods) showed a decrease of 0.6% to $8.757 billion, and sales of the Services division rose by 5.5% to $20.907 billion.