Apple on Tuesday reported revenue of $50.6 billion and quarterly net income of $10.5 billion. As Apple guidance in the last quarter suggested, these results are down from revenue of $58 billion and net income of $13.6 billion, or $2.33 per diluted share, in the year-ago quarter.

“Our team executed extremely well in the face of strong macroeconomic headwinds,” said Tim Cook, Apple’s CEO. “We are very happy with the continued strong growth in revenue from Services, thanks to the incredible strength of the Apple ecosystem and our growing base of over one billion active devices.”

The company sold 51 million iPhones in the quarter, down from the 61 million in the same quarter last year. The company sold 4 million Macs in this quarter, down from the 4.5 million Macs sold in the year-ago quarter.

Apple stock closed down 0.69% at $104.35. It’s down almost six points in after-hours trading, at $98.38.