Summary by Moomoo AI
On August 1, 2024, Apple Inc. released its financial results for the third fiscal quarter ending June 29, 2024. The tech giant reported a quarterly revenue of $85.8 billion, a 5% increase from the previous year, and a quarterly earnings per share (EPS) of $1.40, an 11% year-over-year growth. Apple's CEO, Tim Cook, highlighted the announcement of significant software updates at the Worldwide Developers Conference, including a new personal intelligence system named Apple Intelligence. CFO Luca Maestri noted the record business performance, which generated nearly $29 billion in operating cash flow and allowed the return of over $32 billion to shareholders. Apple's active device installed base reached a new all-time high across all geographic segments. Additionally, Apple declared a cash dividend of $0.25 per share, payable on August 15, 2024, to shareholders of record as of August 12, 2024. The company will also provide a live stream of its Q3 2024 financial results conference call on August 1, 2024.
