AAPL Apple (AAPL) Q3 FY23 earnings call
Apple delivered better-than-expected Q3 FY23 results, driven by record Services performance and strong growth in emerging markets, particularly for iPhone. Despite an uneven macroeconomic environment and significant foreign exchange headwinds, the company achieved record gross margins. Management remains focused on deliberate spending and innovation, with an optimistic outlook for Services and iPhone acceleration in the upcoming quarter, while acknowledging challenges for Mac and iPad due to tough prior-year comparisons.
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AAPL operating KPIs by quarter
| KPI | Sep 2024 Q4 FY24 | Dec 2024 Q1 FY25 | Mar 2025 Q2 FY25 | Jun 2025 Q3 FY25 | Dec 2025 Q1 FY26 | Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Paid subscriptions | 1B+We have well over 1 billion paid subscriptions across the services on our platform, more than double the number we had only 4 years ago.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the services on our platform.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the services on our platform.Source: earnings call transcript | 1B+We have well over 1 billion paid subscriptions across the Services on our platform.Source: earnings call transcript | — | — | 1.5B+Our services continue to attract more customers, and we have now surpassed 1.5 billion in paid subscriptions.Source: earnings call transcript | — |
| Active devices installed base | — | — | — | — | 2.5B+Across our product categories, we are seeing very high levels of customer satisfaction, and we are proud to report that we have a new record for our installed base with more than 2.5 billion active devices.Source: earnings call transcript | 2.5B+Our installed base of over 2.5 billion active devices has reached another all-time high across all major product categories and geographic segments.Source: earnings call transcript | 2.5B+Our installed base of over 2.5 billion active devices has reached another all-time high across all major product categories and geographic segments.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.