Apple revenue was up 6% year-over-year in its fiscal fourth quarter

Apple has announced the financial results for its fiscal 2024 fourth quarter that ended September 28. 

The company posted quarterly revenue of US$94.9 billion, up 6% year-over-year, and quarterly diluted earnings per share of $0.97. Diluted earnings per share was $1.64, up 12% year-over-year when excluding the one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision.

Apple’s revenue breakdown for its fiscal fourth quarter was $46 billion in iPhone sales; $7.7 billion in Mac sales; $7 billion in iPad sales; $9 billion in the Wearables, Home and Accessories category; and $25 billion in the Services category.

“Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6% from a year ago,” said Apple CEO in a https://www.apple.com/newsroom/2024/10/apple-reports-fourth-quarter-results/. “During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season.”

“Our record business performance during the September quarter drove nearly $27 billion in operating cash flow, allowing us to return over $29 billion to our shareholders,” Apple Chief Financial Officer Luca Maestri said in the press release.“We are very pleased that our active installed base of devices reached a new all-time high across all products and all geographic segments, thanks to our high levels of customer satisfaction and loyalty.”

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 November 14, 2024 to shareholders of record as of the close of business on November 11, 2024.

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