Apple announced revenue for the last quarter of 2023: 89.5 billion

Apple released earnings results for the fourth quarter of fiscal 2023. The company reported revenue of $89.50 billion for the three-month period.

Analysts had expected revenue of about $84.18 billion. A year ago, the company reported revenue of $90.15 billion for the same quarter.

The quarter included initial sales of the iPhone 15 line, Apple Watch Series 9, Apple Watch Ultra 2 and USB-C AirPods Pro 2.

Earlier this week, Apple introduced the iMac M3 and 14-inch MacBook Pro, as well as the 14- and 16-inch MacBook Pro, M3 Pro and M3 Max. M3 Macs will begin shipping next week and will appear in Apple's fiscal 2024 first-quarter results.

Apple also recently raised prices on Apple TV+, Apple Arcade, and Apple News+. These changes will occur during the next reporting quarter.

Revenue for the previous quarter was $43.8 billion from iPhone, $22.3 billion from services, $9.3 billion from wearables, $7.6 billion from Mac and $6.4 billion from iPad. The company earned $22.96 billion in profit.