Apple has launched its earnings report for fiscal This autumn 2024. The corporate stories $94.93 billion in income through the three-month interval, up 6% year-over-year. This units a brand new September quarter income document. For comparability’s sake, Apple reported $89.5 billion in income in the identical quarter final 12 months.
There may be, nonetheless, a $10 billion wrinkle to Apple’s earnings this quarter…
AAPL This autumn 2024 earnings
Apple’s earnings this quarter embrace a one-time revenue tax cost after it was ordered to pay €13B in again tax to the Irish authorities. That quantity equates to $10.2 billion. With that factored in, Apple reported web revenue of $14.74 billion for the quarter.
Apple reported $0.97 earnings per share for This autumn 2024, however when excluding that one-time cost, earnings per share was $1.64.
Apple doesn’t report unit gross sales for its merchandise, however as an alternative stories a breakdown of income by product class. Right here is the total breakdown of an important numbers:
- Complete income: $94.93 billion (up 6% year-over-year)
- iPhone: $46.22 billion (up 5.5% year-over-year)
- Mac: $7.74 billion (up 1.71% year-over-year)
- iPad: $6.95 billion (up 7.87% year-over-year)
- Wearables, Dwelling, and Equipment: $9.04 billion (down 3% year-over-year)
- Providers: $24.97 billion (up 11.91% year-over-year)
Going into the quarter, analysts anticipated $94.59 billion in income with earnings-per-share of $1.48.
Apple CEO Tim Prepare dinner touted Apple’s efficiency in This autumn 2024 together with the introduction of the iPhone 16 and different new {hardware}:
“At the moment Apple is reporting a brand new September quarter income document of $94.9 billion, up 6 p.c from a 12 months in the past. Throughout the quarter, we had been excited to announce our greatest merchandise but, with the all-new iPhone 16 lineup, Apple Watch Collection 10, AirPods 4, and memorable options for listening to well being and sleep apnea detection. And this week, we launched our first set of options for Apple Intelligence, which units a brand new normal for privateness in AI and supercharges our lineup heading into the vacation season.”
Apple CFO Luca Maestri added:
“Our document enterprise efficiency through the September quarter drove almost $27 billion in working money movement, permitting us to return over $29 billion to our shareholders. We’re more than happy that our lively put in base of units reached a brand new all-time excessive throughout all merchandise and all geographic segments, because of our excessive ranges of buyer satisfaction and loyalty.”
Apple’s fiscal fourth quarter started on June 30 and got here to an in depth on September 28. The iPhone 16 went up for pre-order on September 13 together with the Apple Watch Collection 10. As normal, fiscal This autumn can present an early have a look at the efficiency of a brand new iPhone mannequin, however the numbers don’t paint a full image.
You possibly can learn Apple’s full earnings launch on this put up on Apple Newsroom. Keep tuned to 9to5Mac for extra protection from the AAPL earnings name with Tim Prepare dinner and Luca Maestri subsequent. You may also pay attention dwell by way of the firm’s Investor Relations web site at 2:00 pm PT/5:00 pm ET.
As all the time, I additionally encourage you to go to our buddies at Six Colours, who’ve compiled some lovely charts breaking down Apple’s fiscal fourth quarter outcomes.
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