Enlarge / Apple CEO Tim Cook. (credit: Drew Angerer/Getty Images) Apple reported its earnings for Q1 2023 today, and it was one of the company's poorest-performing quarters in recent years. It was the company's biggest decline since 2016 and the first since 2019. Overall revenue was down more than 5 percent year-over-year as the company failed to match sales from the same quarter last year across most of its hardware categories. iPhone revenue was $65.78 billion for the quarter, down 8.17 percent year over year.