On October 31, 2024, Apple Inc. released its financial results for the fourth fiscal quarter ending September 28, 2024. The company reported a record September quarter revenue of $94.9 billion, a 6% increase from the previous year, and a quarterly diluted earnings per share of $0.97. Excluding a one-time charge related to the reversal of the European General Court's State Aid decision, the adjusted diluted earnings per share was $1.64, marking a 12% rise year over year. Apple's CEO, Tim Cook, highlighted the launch of new products including the iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and features for Apple Intelligence. CFO Luca Maestri noted the company's operating cash flow of nearly $27 billion and the return of over $29 billion to shareholders. Apple's active installed base...Show More

On October 31, 2024, Apple Inc. released its financial results for the fourth fiscal quarter ending September 28, 2024. The company reported a record September quarter revenue of $94.9 billion, a 6% increase from the previous year, and a quarterly diluted earnings per share of $0.97. Excluding a one-time charge related to the reversal of the European General Court's State Aid decision, the adjusted diluted earnings per share was $1.64, marking a 12% rise year over year. Apple's CEO, Tim Cook, highlighted the launch of new products including the iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and features for Apple Intelligence. CFO Luca Maestri noted the company's operating cash flow of nearly $27 billion and the return of over $29 billion to shareholders. Apple's active installed base of devices reached new all-time highs across all products and geographic segments. The board declared a cash dividend of $0.25 per share payable on November 14, 2024. The company's financial statements showed net sales in various categories, with the iPhone generating $46.222 billion. Apple's total assets were reported at $364.980 billion, with a net income of $14.736 billion for the quarter. The company also provided forward-looking statements regarding its quarterly dividend and future business plans, acknowledging the risks and uncertainties that could affect actual results.