Apple Reports 3Q 2024 Results: .4B Profit on .8B Revenue

Apple Reports 3Q 2024 Results: $21.4B Profit on $85.8B Revenue

Posted on


Apple today announced financial results for its third fiscal quarter of 2024, which corresponds to the second calendar quarter of the year.


For the quarter, Apple posted revenue of $85.8 billion and net quarterly profit of $21.4 billion, or $1.40 per diluted share, compared to revenue of $81.8 billion and net quarterly profit of $19.9 billion, or $1.26 per diluted share, in the year-ago quarter.

Apple set new June quarter records for both revenue and earnings per share, while the Services category set an all-time revenue record. The iPad category also saw a notable increase in revenue thanks to the introduction of new iPad Pro and iPad Air models.

Gross margin for the quarter was 46.3 percent, compared to 44.5 percent in the year-ago quarter. Apple also declared a quarterly dividend payment of $0.25 per share, payable on August 15 to shareholders of record as of August 12.

“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago,” said Tim Cook, Apple’s CEO. “During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of iPhone, iPad, and Mac. We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work.”

As has been the case for over four years now, Apple is once again not issuing guidance for the current quarter ending in September.

aapl 3q24 pieaapl 3q24 pie
Apple will provide live streaming of its fiscal Q3 2024 financial results conference call at 2:00 p.m. Pacific, and MacRumors will update this story with coverage of the conference call highlights.

Conference call starts at 2:00 p.m. Pacific – No need to refresh loadingloading

Loading live updates…

Popular Stories

Apple Releases iOS 17.6 With Bug Fixes and Security Improvements

Apple today released iOS 17.6 and iPadOS 17.6, the sixth point updates to the iOS 17 and iPadOS 17 operating system updates that came out last year. The iOS and iPadOS 17.6 updates come two months after the debut of iOS 17.5 and iPadOS 17.5. iOS 17.6 and iPadOS 17.6 can be downloaded on eligible iPhones and iPads over-the-air by going to Settings > General > Software Update. Apple has also…

Here Are All of the Apple Intelligence Features in the iOS 18.1 Developer Beta

Apple today released new betas of iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1 for developers, introducing the first Apple Intelligence features. Apple Intelligence was previewed in June, and is Apple’s version of artificial intelligence. Not all of the Apple Intelligence features are available as of yet, but we’ve rounded up a list of what’s active in the beta. Note that iOS 18.1, iPadOS…

iPhone 16 Series Is Less Than Two Months Away: Everything We Know

Apple typically releases its new iPhone series around mid-September, which means we are about two months out from the launch of the iPhone 16. Like the iPhone 15 series, this year’s lineup is expected to stick with four models – iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max – although there are plenty of design differences and new features to take into account. To bring …

Apple Releases macOS Sonoma 14.6 With Security Updates

Apple today released macOS Sonoma 14.6, the sixth update to the macOS Sonoma operating system that launched last year. macOS Sonoma 14.6 comes a little over two months after the release of macOS Sonoma 14.5. The ‌‌‌‌‌macOS Sonoma‌‌‌ 14.6 update can be downloaded for free on all eligible Macs using the Software Update section of System Settings. macOS Sonoma 14.6 includes…



Source Link Website

Gravatar Image
My lisa Nichols is an accomplished article writer with a flair for crafting engaging and informative content. With a deep curiosity for various subjects and a dedication to thorough research, lisa Nichols brings a unique blend of creativity and accuracy to every piece

Leave a Reply

Your email address will not be published. Required fields are marked *