Apple shared its earnings report for Q1, 2024 – the quarter ending on December 30, 2023, and it confirmed revenues of $119.6 billion and $33.9 billion in earnings. Revenues are up by 2% whereas earnings grew by 13% on a yearly foundation.
The iPhone remained Apple’s largest income contributor at $69.7 billion whereas Apple’s providers which embody the likes of Apple Music, TV+, iCloud and the App Retailer reached a brand new all-time excessive of $23.1 billion in income.
Wearables, house and equipment chimed in with $11.9 billion, Mac income remained strong at $7.8 billion whereas iPad dropped to simply $7 billion from $9.4 billion a yr in the past – a 25% year-over-year dip. Cupertino didn’t announce any new iPads in 2023 which is the probably issue for the large hunch.
Apple Inc consolidated monetary assertion for Q1, 2024
The Americas had been Apple’s strongest market with $50.4 billion in internet gross sales, adopted by Europe ($30.4 billion) and China ($20.8 billion). Apple was proud to announce that it now boasts a person base of two.2 billion lively gadgets worldwide. CEO Tim Prepare dinner talked about Apple’s dedication to groundbreaking innovation on the eve of the Apple Imaginative and prescient Professional launch within the US.
