Apple reports quarterly record revenue of $ 124 billion

On By Littum

Apple reported its latest quarterly earnings results on Thursday and revealed the sale of constantly record for its October-December 2024 period.

In the quarter, the first full quarter when the new iPhone 16 models were available, Apple drew $ 69.1 billion in iPhone sales. It’s a bit down from $ 69.7 billion in the period ending December 2023.

Meanwhile, MAC sales rose to nearly $ 9 billion against the previous year’s $ 7.8 billion, iPad sales rose ($ 8.1 billion against $ 7 billion), and home and accessory devices dipped ($ 11.7 billion against 12 billion dollars). The service’s revenue, which includes device guarantees and streaming Apple TV+, grew, among other offers ($ 26.3 billion against $ 23.1 billion).

Wall Street expected earnings per A share (EPS) of $ 2.34 of $ 124 billion in revenue for the quarter, which is Apple’s first quarter of Fiscal 2025, according to analysts consensus data provided by LSEG. Apple reported diluted EPS at $ 2.40 (or $ 36.3 billion in net income), a 10% increase from the comparable October-December 2023 quarter, of $ 124.3 billion in revenue, which had increased by 4%.

“Today, Apple is reporting our best quarter ever with a $ 124.3 billion revenue, an increase of 4 percent a year ago,” Apple CEO Tim Cook said in a letter to shareholders. “We were thrilled to bring customers our best series of products and services ever during the holiday season. Through the power of Apple Silicon, we lock new opportunities for our users with Apple Intelligence, making apps and experiences even better and more personal. And we are pleased that Apple Intelligence will be available in even more languages ​​in April. “

Apple CFO Kevan Palekh added: “Our record revenue and strong operating margins drove EPS to a new record of double -digit growth and let us return over $ 30 billion to shareholders. We are also pleased that our installed base of active devices has reached a new high highlight across all products and geographical segments. “

More to come …