Apple Q4/2024: Cupertino reports strong quarterly revenue

Apple has now officially opened its books and announced its results for the fourth fiscal quarter of 2024 (third calendar quarter of 2024).

Apple has now opened the books and published the results for the third fiscal quarter of 2024 (second calendar quarter of 2024). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference either. The Cupertino-based company posted sales of $94.9 billion and net income of $14.7 billion, or $1.64 per share, in the last quarter, compared to sales of $89.5 billion and net income of $22.9 billion in the same quarter last year. Apple boss Tim Cook said: follows:

Apple today reported a new September quarter revenue record of $94.9 billion, up 6 percent year over year. We're excited to unveil our best products yet this quarter, including 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 Apple Intelligence features, setting a new standard for privacy in AI and elevating our offerings for the upcoming holiday season.

Apple Q4/2024: Cupertino returns over $29 billion to shareholders

Apple’s CFO, Luca Maestri, said:

Our record business performance in the September quarter resulted in operating cash flow of nearly $27 billion, enabling us to return over $29 billion to our shareholders. We are very pleased that our active installed base reached a new all-time high thanks to our high levels of customer satisfaction and loyalty across all products and geographic segments.

Apple's board of directors approved a dividend payment of $0.25 per share. The dividend will be paid on November 14, 2024 to shareholders of record as of the close of business on November 11, 2024. (Photo by Phongphan / Bigstockphoto)