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Apple reports fourth quarter results - Apple

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class="globalnav-link-text">Mac</span></span></a></li></ul></div><div data-analytics-element-engagement="globalnav hover - ipad" class=" globalnav-item globalnav-item-ipad globalnav-item-menu "><ul role="none" class="globalnav-submenu-trigger-group"><li class="globalnav-submenu-trigger-item"><a href="/ipad/" data-globalnav-item-name="ipad" data-topnav-flyout-trigger-compact data-analytics-title="ipad" data-analytics-element-engagement="hover - ipad" aria-label="iPad" class="globalnav-link globalnav-submenu-trigger-link globalnav-link-ipad"><span class="globalnav-link-text-container"><span class="globalnav-image-regular globalnav-link-image"><svg height="44" viewBox="0 0 24 44" width="24" xmlns="http://www.w3.org/2000/svg"><path d="m14.9575 23.7002c0 .902-.768 1.582-1.805 1.582-.732 0-1.277-.375-1.277-1.02 0-.632.422-.966 1.383-1.031l1.699-.111zm-1.395-4.072c-1.347 0-2.343.668-2.478 1.681h1.019c.141-.498.668-.785 1.424-.785.944 0 1.43.428 1.43 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globalnav-item-iphone globalnav-item-menu "><ul role="none" class="globalnav-submenu-trigger-group"><li class="globalnav-submenu-trigger-item"><a href="/iphone/" data-globalnav-item-name="iphone" data-topnav-flyout-trigger-compact data-analytics-title="iphone" data-analytics-element-engagement="hover - iphone" aria-label="iPhone" class="globalnav-link globalnav-submenu-trigger-link globalnav-link-iphone"><span class="globalnav-link-text-container"><span class="globalnav-image-regular globalnav-link-image"><svg height="44" viewBox="0 0 38 44" width="38" xmlns="http://www.w3.org/2000/svg"><path d="m32.7129 22.3203h3.48c-.023-1.119-.691-1.857-1.693-1.857-1.008 0-1.711.738-1.787 1.857zm4.459 2.045c-.293 1.078-1.277 1.746-2.66 1.746-1.752 0-2.848-1.266-2.848-3.264 0-1.986 1.113-3.275 2.848-3.275 1.705 0 2.742 1.213 2.742 3.176v.386h-4.541v.047c.053 1.248.75 2.039 1.822 2.039.815 0 1.366-.298 1.629-.855zm-12.282-4.682h.961v.996h.094c.316-.697.932-1.107 1.898-1.107 1.418 0 2.209.838 2.209 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data-analytics-element-engagement="globalnav hover - vision" class=" globalnav-item globalnav-item-vision globalnav-item-menu "><ul role="none" class="globalnav-submenu-trigger-group"><li class="globalnav-submenu-trigger-item"><a href="/apple-vision-pro/" data-globalnav-item-name="vision" data-topnav-flyout-trigger-compact data-analytics-title="vision" data-analytics-element-engagement="hover - vision" aria-label="Vision" class="globalnav-link globalnav-submenu-trigger-link globalnav-link-vision"><span class="globalnav-link-text-container"><span class="globalnav-image-regular globalnav-link-image"><svg xmlns="http://www.w3.org/2000/svg" width="34" height="44" viewBox="0 0 34 44"><g id="en-US_globalnav_links_vision_image_large"><rect id="box_" width="34" height="44" fill="none"/><path id="art_" 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class="globalnav-link-text">Vision</span></span></a></li></ul></div><div data-analytics-element-engagement="globalnav hover - airpods" class=" globalnav-item globalnav-item-airpods globalnav-item-menu "><ul role="none" class="globalnav-submenu-trigger-group"><li class="globalnav-submenu-trigger-item"><a href="/airpods/" data-globalnav-item-name="airpods" data-topnav-flyout-trigger-compact data-analytics-title="airpods" data-analytics-element-engagement="hover - airpods" aria-label="AirPods" class="globalnav-link globalnav-submenu-trigger-link globalnav-link-airpods"><span class="globalnav-link-text-container"><span class="globalnav-image-regular globalnav-link-image"><svg height="44" viewBox="0 0 43 44" width="43" xmlns="http://www.w3.org/2000/svg"><path d="m11.7153 19.6836h.961v.937h.094c.187-.615.914-1.048 1.752-1.048.164 0 .375.011.504.029v1.008c-.082-.024-.446-.059-.645-.059-.961 0-1.658.645-1.658 1.535v3.914h-1.008zm28.135-.111c1.324 0 2.244.656 2.379 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class="category-eyebrow__date">October 31, 2024</span> </div> </div> </div> <div class="pagetitle component"> <div class="component-content"> <h1 class='hero-headline'> Apple reports fourth quarter results </h1> </div> </div> <div class="article-subhead component"> <div class="component-content"> iPhone drives record September quarter revenue <br /><br />Services revenue reaches new all-time high </div> </div> <div class="sharesheet component" data-component-list="ShareSheet" data-clipboard-text="Copied to clipboard" data-analytics-activitymap-region-id="sharesheet-footer"> <div class="component-content"> <div class="sharesheet-content tooltip-wrapper"> <div class="sharesheet-options-open"> <button type="button" class="icon-share icon" aria-label="Open share options"> </button> </div> <ul class="sharesheet-options" data-analytics-content="Apple reports fourth quarter results"> <li class="social-option"> <button class="icon icon-facebook social-icon" data-href="https://nr.apple.com/dw0J5G1ix0" data-analytics-title="Share via Facebook" aria-label="Share this article via Facebook (opens in new window)"> </button> </li> <li class="social-option"> <button class="icon icon-twitter social-icon" data-href="https://nr.apple.com/dw0J5G1ix0" data-analytics-title="Share via X" data-description="" aria-label="Share this article via X (opens a new window)"> </button> </li> <li class="social-option"> <button class="icon icon-mail social-icon" data-href="https://nr.apple.com/dw0J5G1ix0" data-title="Apple reports fourth quarter results - Apple" data-description="" data-analytics-title="Share via mail" aria-label="Share this article via Mail (opens in new window)"> </button> </li> <li class="social-option"> <button class="icon icon-link social-icon" data-href="https://nr.apple.com/dw0J5G1ix0" data-analytics-title="Share via link" aria-label="Share via link"> </button> </li> </ul> <div class="sharesheet-options-close"> <button class="icon 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The Company posted quarterly revenue of $94.9 billion, up 6 percent year over year, and quarterly diluted earnings per share of $0.97. Diluted earnings per share was $1.64,<sup>1</sup> up 12 percent year over year when excluding the one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision. </div> <div class="pagebody-copy">“Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 percent from a year ago,” said Tim Cook, Apple’s CEO. “During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season.” </div> <div class="pagebody-copy">“Our record business performance during the September quarter drove nearly $27 billion in operating cash flow, allowing us to return over $29 billion to our shareholders,” said Luca Maestri, Apple’s CFO. “We are very pleased that our active installed base of devices reached a new all-time high across all products and all geographic segments, thanks to our high levels of customer satisfaction and loyalty.” </div> <div class="pagebody-copy">Apple’s board of directors has declared a cash dividend of $0.25 per share of the Company’s common stock. The dividend is payable on November 14, 2024 to shareholders of record as of the close of business on November 11, 2024. </div> <div class="pagebody-copy">Apple will provide live streaming of its Q4 2024 financial results conference call beginning at 2:00 p.m. PT on October 31, 2024 at <a href="https://www.apple.com/investor/earnings-call/" target="_blank">apple.com/investor/earnings-call</a>. The webcast will be available for replay for approximately two weeks thereafter. </div> </div> </div> <div class="sosumi text component"> <div class="component-content"> <ol> <li>Non-GAAP measure. See the section titled “Reconciliation of Non-GAAP to GAAP Results of Operations” at the end of the accompanying financial statements.</li> </ol> </div> </div> <div class="docsanddownloads text component"> <div class="component-content"> <h2 class="visuallyhidden">Media</h2> <ul class="docsanddownloads__list"> <li class="docsanddownloads__item"> <div class="docsanddownloads__icon-wrapper"> <figure class="docsanddownloads__icon docsanddownloads__icon--document"></figure> </div> <div class="docsanddownloads__text-wrapper"> <p class="docsanddownloads__text" id="docsanddownloads-9277374b69842ead721236ca0b212411">Consolidated Financial Statements</p> <div class="docsanddownloads__link"> <a aria-label="Consolidated Financial Statements, View PDF" class="icon icon-after icon-external" data-analytics-title="View PDF" href="/newsroom/pdfs/fy2024-q4/FY24_Q4_Consolidated_Financial_Statements.pdf" target="_blank">View PDF</a> </div> </div> </li> </ul> </div> </div> <aside class="component legal-info" aria-label="Legal information"> <div class="component-content"> <div class="legal-info__entry"> <p class="legal-info__body">Apple periodically provides information for investors on its corporate website, <a href="https://www.apple.com/" target="_blank">apple.com</a>, and its investor relations website, <a href="https://investor.apple.com/" target="_blank">investor.apple.com</a>. This includes press releases and other information about financial performance, reports filed or furnished with the SEC, information on corporate governance, and details related to its annual meeting of shareholders.<br /> <br /> This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation those about payment of the Company’s quarterly dividend and future business plans. These statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by the forward-looking statements. Risks and uncertainties include without limitation: effects of global and regional economic conditions, including as a result of government policies, geopolitical tensions, conflict, terrorism, natural disasters, and public health issues; risks relating to the design, manufacture, introduction, and transition of products and services in highly competitive and rapidly changing markets, including from reliance on third parties for components, technology, manufacturing, applications, support, and content; risks relating to information technology system failures, network disruptions, and failure to protect, loss of, or unauthorized access to, or release of, data; and effects of unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. More information on these risks and other potential factors that could affect the Company’s business, reputation, results of operations, financial condition, and stock price is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements, which speak only as of the date they are made. <br /> </p> <h3 class="legal-info__heading">About Apple </h3> <p class="legal-info__body">Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it. </p> </div> </div> </aside> <div class="presscontacts component"> <div class="component-content"> <h2 class="presscontacts-headline">Press Contact</h2> <div class="contacts-container"> <div class="contactinfo"> <p class="contactinfo-title">Josh Rosenstock</p> <p class="contactinfo-text"></p> <p class="contactinfo-text">Apple</p> <p class="contactinfo-text"> <a href="mailto:jrosenstock@apple.com%20">jrosenstock@apple.com </a> </p> <p class="contactinfo-text"> (408) 862-1142 </p> </div> </div> </div> </div> <div class="presscontacts component"> <div class="component-content"> <h2 class="presscontacts-headline">Investor Relations Contact</h2> <div class="contacts-container"> <div class="contactinfo"> <p class="contactinfo-title">Suhasini Chandramouli</p> <p class="contactinfo-text"></p> <p class="contactinfo-text">Apple</p> <p class="contactinfo-text"> <a href="mailto:suhasini@apple.com">suhasini@apple.com</a> </p> <p class="contactinfo-text"> (408) 974-3123 </p> </div> </div> </div> </div> <div class="sosumi text component"> <div class="component-content"> © 2024 Apple Inc. 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