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Apple has now officially opened its books and announced its results for the first fiscal quarter of 2024 (fourth calendar quarter of 2023).
Apple has now opened the books and released the results for the first fiscal quarter of 2024 (fourth calendar quarter of 2023). 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 $119.6 billion and net income of $33.9 billion, or $2.18 per share, in the last quarter, compared to sales of $117 billion and net income of $29.99 billion in the same quarter last year. So expressed Apple boss Tim Cook said:
Apple today reported revenue growth for the December quarter, driven by iPhone sales and a new record for services revenue. We're pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as our customers experience the incredible Apple Vision Pro starting tomorrow, we'll continue to innovate in line with our values and for our customers.
Apple Q1/2024: Technology giant records sales growth
Apple’s CFO, Luca Maestri, said:
Our revenue growth in the December quarter combined with margin expansion resulted in record earnings per share of $2.18, up 16 percent year over year. We generated nearly $40 billion in operating cash flow this quarter and returned nearly $27 billion to our shareholders. We are confident about the future and will continue to make significant investments in our business to support our long-term growth plans.
Apple's board of directors approved a dividend payment of $0.24 per share. The dividend will be paid on February 15 to shareholders of record as of the close of business on February 12. (Photo by Phongphan / Bigstockphoto)
