Apple Inc ( (AAPL) ) has released its Q4 earnings. Here is a breakdown of the information Apple Inc presented to its investors.
Apple Inc., a global leader in technology innovation, designs and markets consumer electronics, software, and services, known for its iconic products like the iPhone and Mac, and its commitment to privacy and seamless user experiences. In its latest earnings report for the fourth quarter of fiscal 2024, Apple revealed a record September quarter revenue of $94.9 billion, marking a year-over-year increase of 6%. The company highlighted the successful launch of the iPhone 16, Apple Watch Series 10, and other new products, alongside advancements in AI-driven features focused on user privacy. Key financial metrics from this quarter indicate robust performance, with operating cash flow reaching nearly $27 billion and a notable rise in services revenue, which hit a new all-time high. Despite a significant one-time tax charge due to a legal decision in Europe, Apple’s diluted earnings per share increased by 12% year-over-year when adjusted for this charge. Looking ahead, Apple maintains a positive outlook backed by a strong product lineup and expects continued growth driven by high customer satisfaction and loyalty, as well as a burgeoning services segment.
