Apple announces quarterly results, reports revenue of $89.5 billion

Apple has announced its financial results for the fourth quarter of fiscal 2023. The company reported quarterly revenue of $89.5 billion, a 1% decrease compared to the previous year. However, earnings per diluted share increased by 13%. iPhone revenue saw a significant increase, while revenue from Mac and iPad declined. Apple's CEO, Tim Cook, expressed satisfaction with the record-breaking revenue from iPhone and services. The company also highlighted its commitment to carbon neutrality and its plans to make all Apple products carbon neutral by 2030.

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