Apple as we speak introduced monetary outcomes for its third fiscal quarter of 2024, which corresponds to the second calendar quarter of the yr.
For the quarter, Apple posted income of $85.8 billion and internet quarterly revenue of $21.4 billion, or $1.40 per diluted share, in comparison with income of $81.8 billion and internet quarterly revenue of $19.9 billion, or $1.26 per diluted share, within the year-ago quarter.
Apple set new June quarter data for each income and earnings per share, whereas the Companies class set an all-time income file. The iPad class additionally noticed a notable enhance in income due to the introduction of latest iPad Professional and iPad Air fashions.
Gross margin for the quarter was 46.3 %, in comparison with 44.5 % within the year-ago quarter. Apple additionally declared a quarterly dividend fee of $0.25 per share, payable on August 15 to shareholders of file as of August 12.
“At the moment Apple is reporting a brand new June quarter income file of $85.8 billion, up 5 % from a yr in the past,” stated Tim Prepare dinner, Apple’s CEO. “Throughout the quarter, we had been excited to announce unimaginable updates to our software program platforms at our Worldwide Builders Convention, together with Apple Intelligence, a breakthrough private intelligence system that places highly effective, non-public generative AI fashions on the core of iPhone, iPad, and Mac. We very a lot look ahead to sharing these instruments with our customers, and we proceed to speculate considerably within the improvements that may enrich our prospects’ lives, whereas main with the values that drive our work.”
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 September.
Apple will present reside streaming of its fiscal Q3 2024 monetary outcomes convention name at 2:00 p.m. Pacific, and MacRumors will replace this story with protection of the convention name highlights.
Convention name begins at 2:00 p.m. Pacific – No have to refresh 
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