Enlarge / A building at Apple Park, the company’s Cupertino, California, HQ. (credit: Apple)
Apple reported its earnings for the fourth quarter of its 2023 fiscal year on Thursday, and while the revenue dollar count was enormous as usual, the company nonetheless reported lower year-over-year revenue for the third consecutive quarter.
The iPhone was the only hardware product that saw any growth compared to the same time last year; revenue was down across the rest of the board for Mac, iPad, and wearables (which primarily includes Watch and AirPods).
On the other hand, the company’s services business again beat expectations and helped make up for lagging hardware sales. Services is a large bucket that includes many things, from subscriptions like Apple TV+, iCloud, and Apple Music to the company’s search deal with Google, which is now at the heart of the Google antitrust trial in the United States.
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