Apple Reveals 6% Growth in Q4 2024 Revenue

Apple (NASDAQ:AAPL) has announced its financial performance for the fourth quarter of fiscal year 2024, concluding on September 28, 2024. The company disclosed a revenue of $94.9 billion for the quarter, reflecting a 6% increase from the previous year. Furthermore, the diluted earnings per share (EPS) was reported at $0.97, which rose to $1.64 when adjusted, indicating a 12% year-over-year increase, factoring out a one-time charge related to a European court ruling.

Tim Cook, Apple’s CEO, expressed excitement about the company’s achievements, highlighting a record revenue for the September quarter. This growth was attributed to successful product launches, particularly the iPhone 16 series, the Apple Watch Series 10, and the new AirPods 4. Notable enhancements in these products, including features aimed at hearing health and sleep apnea, also contributed to sales.

Luca Maestri, Apple’s Chief Financial Officer (CFO), noted the strong financial status of the company, with over $27 billion in operating cash flow for the quarter. This strong cash flow allowed Apple to return more than $29 billion to its shareholders. Additionally, the number of active Apple devices in use rose, signaling a high level of customer loyalty and satisfaction.

Additionally, Apple’s board has declared a cash dividend of $0.25 per share to its common stockholders, set to be paid on November 14, 2024, for shareholders recorded by November 11, 2024. The company plans to host a live stream on October 31, 2024, for a detailed discussion of the Q4 2024 financial results.

While the company continues to report strong financial figures, it also recognizes potential risks ahead, including global economic factors, competition, technological hurdles, and legal challenges that might influence future performance.

Apple remains committed to innovation, providing a wide array of products and services across its platforms. With a workforce exceeding 150,000 employees, Apple is focused on excellence in product development, along with a commitment to sustainability and corporate social responsibility.

For more detailed information about Apple’s financial performance and a deeper insight into the company, it is advised to visit Apple's official websites.

Apple, Earnings, Growth