Apple Reports 6% Increase in Quarterly Revenue for Q4 2024

Apple (NASDAQ:AAPL) has announced its financial results for the fourth quarter of the fiscal year 2024, which concluded on September 28, 2024. The tech giant recorded a quarterly revenue of $94.9 billion, reflecting a 6% increase compared to the same period last year. The diluted earnings per share for this quarter reached $0.97, rising to $1.64 when excluding a significant one-time charge tied to the reversal of the European General Court’s State Aid decision that affected this quarter’s results.

CEO Tim Cook expressed his excitement about Apple's performance, highlighting that the company achieved a record revenue for the September quarter. This growth was fueled by the successful introduction of new products, such as the iPhone 16 series, Apple Watch Series 10, and AirPods 4, along with innovative health-focused features for hearing health and sleep apnea detection.

CFO Luca Maestri emphasized the company’s strong financial health, reporting over $27 billion generated in operating cash flow during the quarter, which allowed Apple to return more than $29 billion to its shareholders. The active installed base of Apple devices also reached a record high across all products and regions, indicating a high level of customer satisfaction and loyalty.

Furthermore, Apple's board of directors has approved a cash dividend of $0.25 per share on common stock, scheduled to be paid on November 14, 2024, to shareholders on record by November 11, 2024. The company plans to hold a live stream of the Q4 2024 financial results conference call on October 31, 2024, with a replay available for a limited time after the event.

While Apple continues to deliver impressive financial results, the company is also aware of potential risks and uncertainties in its future outlook. Factors such as global economic conditions, competition in the market, technological challenges, and legal issues have been noted as aspects that could influence future performance.

Apple remains committed to innovation, offering a wide range of products and services through its various software platforms. With a workforce of over 150,000 employees, Apple continues to pursue excellence in product development while emphasizing sustainability and social responsibility.

For more details on Apple's financial performance and further information, please visit the company's investor relations and corporate websites.

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Apple Company Overview

Apple Inc designs, manufactures, and markets a variety of technology products, including smartphones, computers, tablets, wearables, and accessories globally. Key product lines include the iPhone, Mac computers, iPad tablets, and various wearables and accessories such as AirPods, Apple TV, and Apple Watch.

Apple, Earnings, Revenue