Apple presented its business results corresponding to the fourth fiscal quarter of 2024, ended on September 28, in which it obtained a net profit of 14,736 million dollars, 35.81% less than in the same previous period, when it recorded 22,956 million. After the publication of the earnings report, the technology company fell 1.7% in the after market.
This translates into a earnings per share (EPS) of 0.97 dollars, below the 1.47 dollars per share last year and the consensus forecasts, which pointed to 1.60 dollars.
With regards to the incomethe company has exceeded expectations by reaching 94.93 billion dollars, which represents a year-on-year increase of 6.07%, compared to the estimated 94.58 billion.
How Apple did with the sale of Amazon
By products, the iPhone salesrecorded a turnover of 46,222 million dollars, above the 43,805 million of the same quarter of the previous year and the 45,470 million predicted by the market.
For its part, the income from Mac They have been 7,744 million dollars, a figure that improves the 7,614 million dollars obtained between July and September 2023, but not the 7,820 million expected.
In the case of iPadsales have risen to $6.95 billion, although lower than the anticipated $7.09 billion. Furthermore, the Technology, Home and Accessories segment has reached 9,042 million dollars, compared to 9,322 million a year ago, and the division Services has registered a rebound to 24,972 million dollars from 22,314 million 12 months ago.
By geographic areasAmerica remains the main market for the apple firm, reporting sales worth 41,664 million. In Europe, they have also grown to 24,924 million, while in Japan, they have risen to 5,926 million. One of the areas where turnover has not completely recovered is China, where income has fallen from 15,084 million to 15,033 million.
Key for investors: Apple announces dividend payment
Apple’s board of directors also declared a cash dividend of $0.25 per common share of the company. The dividend will be paid on November 14, 2024 to shareholders of record at the close of business on November 11, 2024.
“Today Apple announces a new revenue record in September quarter $94.9 billion, up 6% from a year ago,” said Apple CEO Tim Cook. “During the quarter, we were excited to announce our best products so farwith the new line of iPhone 16, Apple Watch Series 10, AirPods 4 and extraordinary features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligencewhich sets a new standard for privacy in AI and enhances our product line for the Christmas season“.
“Our record business results during the September quarter generated a operating cash flow of almost $27 billion, allowing us to return more than $29 billion to our shareholders.”said Luca Maestri, Apple’s chief financial officer.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
