Apple Reports 6% Increase in Quarterly Revenue for Q4 2024

Apple (NASDAQ:AAPL) recently announced its financial outcomes for the fourth quarter of fiscal year 2024, concluding on September 28, 2024. The company revealed a quarterly revenue of $94.9 billion, which represents a 6% growth compared to the same period the previous year. The diluted earnings per share for the quarter were reported at $0.97, while the adjusted figure, excluding a one-time charge related to the European General Court's State Aid decision, rose to $1.64, reflecting a 12% increase year over year.

Tim Cook, the CEO of Apple, shared his optimism about the company’s strong performance, noting that it has achieved a new revenue record for the September quarter. This growth was primarily driven by the successful introduction of new products, including the iPhone 16 series, Apple Watch Series 10, and the latest AirPods 4. The inclusion of innovative features such as advanced hearing health and sleep apnea detection capabilities also contributed to the positive results.

Luca Maestri, Apple’s Chief Financial Officer, emphasized the company's impressive financial health, highlighting that over $27 billion in operating cash flow was generated during the quarter. This robust performance allowed Apple to return more than $29 billion to its shareholders. Additionally, the active installed base of Apple devices reached an all-time high across various products and regions, indicating strong customer satisfaction and loyalty.

The board of directors at Apple has declared a cash dividend of $0.25 per share on the common stock, scheduled to be paid on November 14, 2024, to shareholders recorded as of November 11, 2024. The company will also host a live stream of the financial results conference call on October 31, 2024, which will be available for replay for a short time after the event.

While Apple continues to show impressive financial results, it remains aware of potential risks and uncertainties in its future outlook. These include global economic conditions, competitive market pressures, technological challenges, and various legal issues that may impact future performance.

Apple remains a leader in innovation, offering a broad array of products and services through its various software platforms. With a workforce exceeding 150,000 employees, Apple is committed to excellence in product development while also prioritizing sustainability and social responsibility.

For further information about Apple’s financial performance and more details, please visit Apple’s corporate and investor relations websites.

Apple, Revenue, Earnings