Apple reports fourth-quarter results

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 fourth quarter ended 28 September 2024. The Company posted quarterly revenue of US$94.9 billion, up 6 per cent year over year, and quarterly diluted earnings per share of US$0.97. Diluted earnings per share was US$1.64¹, up 12 per cent year over year when excluding the one-time charge recognised during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision.

“Today Apple is reporting a new September quarter revenue record of US$94.9 billion, up 6 per cent 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 line-up, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnoea 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 line-up heading into the holiday season.”

“Our record business performance during the September quarter drove nearly US$27 billion in operating cash flow, allowing us to return over US$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.”

Apple’s board of directors has declared a cash dividend of US$0.25 per share of the Company’s common stock. The dividend is payable on 14 November 2024 to shareholders of record as of the close of business on 11 November 2024.

Apple will provide live streaming of its Q4 2024 financial results conference call beginning at 2:00 pm PT on 31 October 2024 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.