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Jun 29, 2024
Apple Q3 2024 Earnings Report
Apple's Q3 2024 earnings were released, revealing record June quarter revenue and EPS, with Services revenue reaching an all-time high.
Key Takeaways
Apple reported a June quarter revenue record of $85.8 billion, up 5% year over year, and earnings per diluted share of $1.40, up 11% year over year. The company's performance was driven by strong business results and an increase in its installed base of active devices across all geographic segments.
Apple reported a new June quarter revenue record of $85.8 billion, a 5% increase from the previous year.
The company's earnings per diluted share (EPS) grew by 11% during the quarter, reaching $1.40.
Apple's Services revenue hit a new all-time high.
The installed base of active devices reached a new all-time high across all geographic segments.
Apple
Apple
Apple Revenue by Segment
Apple Revenue by Geographic Location
Revenue by Segment
Products Revenue
CapyFin.comServices Revenue
CapyFin.comiPhone Revenue
CapyFin.comMac Revenue
CapyFin.comiPad Revenue
CapyFin.comWearables, Home & Accs Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comGreater China Revenue
CapyFin.comJapan Revenue
CapyFin.comRest of APAC Revenue
CapyFin.com Forward Guidance
The press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties.
Positive Outlook
- Payment of the Company’s quarterly dividend
- Future business plans
- Design of products
- Manufacture of products
- Introduction of products and services
Challenges Ahead
- Effects of global and regional economic conditions, including as a result of government policies, war, 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, 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
- Effects of unfavorable legal proceedings
- Effects of government investigations, and complex and changing laws and regulations
Revenue & Expenses
Visualization of income flow from segment revenue to net income