Apple reports third quarter results

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 third quarter ended 29 June 2024. The Company posted quarterly revenue of US$85.8 billion, up 5 per cent year over year, and quarterly earnings per diluted share of US$1.40, up 11 percent year over year.

“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 per cent from a year ago,” said Tim Cook, Apple’s CEO. “During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of iPhone, iPad and Mac. We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work.”

“During the quarter, our record business performance generated EPS growth of 11 per cent and nearly US$29 billion in operating cash flow, allowing us to return over US$32 billion to shareholders,” said Luca Maestri, Apple’s CFO. “We are also very pleased that our installed base of active devices reached a new all-time high in all geographic segments, thanks to very 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 15 August 2024 to shareholders of record as of the close of business on 12 August 2024.

Apple will provide live streaming of its Q3 2024 financial results conference call beginning at 2:00 pm PT on 1 August 2024 at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.