Apple Achieves Record Revenue in Q4 2024, Driven by iPhone Sales and Services Growth
Apple Inc. has announced its financial results for the fiscal fourth quarter ending September 28, 2024, reporting a record revenue of $94.9 billion, a 6% increase compared to the same period last year. The company’s diluted earnings per share stood at $0.97. Excluding a one-time charge related to a European General Court decision, the adjusted diluted earnings per share were $1.64, marking a 12% year-over-year growth.
Tim Cook highlighted the successful launch of the iPhone 16 lineup, Apple Watch Series 10, and AirPods 4, emphasizing their advanced features in hearing health and sleep apnea detection. He also introduced “Apple Intelligence,” a suite of AI-driven features designed to enhance user experience while maintaining privacy standards.
The Services segment achieved an all-time high in revenue, contributing significantly to the overall financial performance. CFO Luca Maestri noted that the active installed base of devices reached a new peak across all product categories and geographic regions, reflecting strong customer satisfaction and loyalty.
Apple’s board of directors declared a cash dividend of $0.25 per share, payable on November 14, 2024, to shareholders of record as of November 11, 2024.
These results underscore Apple’s robust market position and its commitment to innovation and customer-centric solutions.
