Apple Reports 6% Increase in Quarterly Revenue for Q4 2024

Apple (NASDAQ:AAPL) has revealed its financial results for the fourth quarter of fiscal year 2024, which concluded on September 28, 2024. The company reported quarterly revenue of $94.9 billion, reflecting a 6% increase compared to the same quarter from the previous year. Additionally, the diluted earnings per share for this quarter were $0.97, with an adjusted figure of $1.64 when excluding a one-time charge related to a European General Court ruling that affected the company's financials.

Tim Cook, Apple’s CEO, expressed excitement regarding the company’s achievements, highlighting the notable record for revenue during the September quarter. This success was largely due to the strong performance of newly launched products such as the iPhone 16 series, Apple Watch Series 10, and AirPods 4, alongside innovative features introduced for hearing health and sleep apnea detection.

Luca Maestri, the CFO of Apple, emphasized the solid financial position of the company, which generated over $27 billion from operating cash flow in this quarter. This robust performance allowed Apple to return more than $29 billion to its shareholders. Furthermore, the active installed base of Apple devices reached an all-time high across various products and global markets, indicating strong customer loyalty and satisfaction.

In addition to the financial results, Apple’s board of directors has declared a cash dividend of $0.25 per share of its common stock. This dividend is set to be paid on November 14, 2024, to shareholders who are on record by November 11, 2024. The company hosted a live stream of its Q4 2024 financial results conference call on October 31, 2024, which will be available for replay for a limited time after the event.

While Apple’s performance remains impressive, the company acknowledges potential risks and uncertainties that could affect future outcomes. These include global economic conditions, competition in the market, technological challenges, and ongoing legal matters.

Apple is recognized for its commitment to innovation, providing a wide array of products and services through its diverse software platforms. With a dedicated workforce of over 150,000 employees, Apple continues to focus on excellence in product development while upholding its commitments to sustainability and social responsibility.

For additional details regarding Apple’s financial performance and further information, visit the corporate and investor relations sections of Apple's official website.

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