Apple has announced the financial results for its fiscal 2024 third quarter that ended June 29. The company posted quarterly revenue of US$85.8 billion, up 5% year-over-year, and quarterly earnings per diluted share of $1.40, up 11% year-over-year.
“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5% from a year ago,” said CEO Tim Cook in a press release. “During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of iPhone, iPad, and Mac. We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work.”
“During the quarter, our record business performance generated EPS [earnings per share] growth of 11% and nearly $29 billion in operating cash flow, allowing us to return over $32 billion to shareholders,” added Chief Financial Officer. “We are also very pleased that our installed base of active devices reached a new all-time high in all geographic segments, thanks to very high levels of customer satisfaction and loyalty.”
The iPhone tallied 45.9% of Apple’s revenue with $85.78 billion (up 4.87% annually), while Services accounted for 28.2% with $24.21 billion (up 14.14% year-over-year). The Mac accounted for 8.2% ($7.01 billion, up 2.46% year-over-year), the iPad 8.3% ($716 billion, up 23.63% annually, and the wearables/home/accessories line 9.4% ($8.10 billion, down 2.26% year-over-year.
Apple’s board of directors has declared a cash dividend of $0.25 per share of the Company’s common stock. The dividend is payable on August 15 to shareholders of record as of the close of business on August 12.
I hope you’ll help support Apple World Today by becoming a patron. All our income is from Patreon support and sponsored posts. Patreon pricing ranges from $2 to $10 a month. Thanks in advance for your support.
