https://techcrunch.com/2023/02/02/apple-revenue-drops-amid-quarterly-hardware-decline/

Apple has thus far been lauded for a deliberate hiring approach that saved the company for the mass layoffs conducted by top competitors like Alphabet and Amazon. But not even the iPhone maker is immune from economic headwinds. In quarterly earnings posted today, the company notched its first y-o-y loss since before the pandemic.

The company’s quarterly revenue, for the quarter ending December 31, 2022, was $117.2 billion, down 5 percent year over year, according to a release tied to the news.