Apple immediately introduced monetary outcomes for the fourth fiscal quarter of 2024, which corresponds to the third calendar quarter of the yr.
For the quarter, Apple posted income of $94.9 billion and web quarterly revenue of $14.7 billion, or $0.97 per diluted share, in comparison with income of $89.5 billion and web quarterly revenue of $23.0 billion, or $1.46 per diluted share, within the year-ago quarter.
Whereas income was up 6 % year-over-year, Apple’s income have been hit laborious by a one-time cost of $10.2 billion over tax points within the European Union. With out that one-time cost, Apple’s income would have been $1.64 per share, up 12 % year-over-year.
Gross margin for the quarter was 46.2 %, in comparison with 45.2 % within the year-ago quarter. Apple additionally declared a quarterly dividend fee of $0.25 per share, payable on November 14 to shareholders of document as of November 11.
For the complete fiscal yr, Apple recorded $391.0 billion in gross sales and $93.7 billion in web revenue, in comparison with $383.3 billion in gross sales and $97.0 billion in web revenue for fiscal 2023.
“At this time Apple is reporting a brand new September quarter income document of $94.9 billion, up 6 % from a yr in the past,” stated Tim Cook dinner, Apple’s CEO. “Throughout the quarter, we have been excited to announce our greatest merchandise but, with the all-new iPhone 16 lineup, Apple Watch Sequence 10, AirPods 4, and noteworthy options for listening to well being and sleep apnea detection. And this week, we launched our first set of options for Apple Intelligence, which units a brand new commonplace for privateness in AI and supercharges our lineup heading into the vacation season.”
As has been the case for over 4 years now, Apple is as soon as once more not issuing steering for the present quarter ending in December.
Apple will present dwell streaming of its fiscal This fall 2024 monetary outcomes convention name at 2:00 pm Pacific, and MacRumors will replace this story with protection of the convention name highlights.
Convention name begins at 2:00 p.m. Pacific – No must refresh 
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