The earnings call highlighted strong overall growth, particularly in iPhone and Services revenue, along with significant product innovations and expansion in emerging markets. However, there were challenges in the Wearables segment and concerns over rising component costs. Overall, the positive developments largely outweigh the negatives.

Company Guidance

In the Q4 2024 earnings call, Apple provided a comprehensive overview of its financial performance and future guidance. The company reported a September quarter record revenue of $94.9 billion, a 6% increase year-over-year, with strong iPhone sales contributing $46.2 billion, a 6% growth. Services also set an all-time revenue record of $25 billion, up 12% from the previous year. Gross margin was 46.2%, with product margins at 36.3% and services at 74%. Operating expenses were reported at $14.3 billion. Looking forward, Apple expects total company revenue to grow low to mid-single digits in the December quarter, with service revenues maintaining a similar growth rate. The company also highlighted ongoing product innovations, such as Apple Intelligence, which is expected to drive future growth.

Record Revenue and Growth

Apple reported a September quarter revenue of $94.9 billion, up 6% year-over-year, marking a record for the quarter. iPhone revenue set a September quarter record of $46.2 billion, up 6% with growth in every geographic segment. Services revenue reached an all-time record of $25 billion, up 12% year-over-year.

Product Innovations and Releases

Apple introduced the Apple Intelligence system, a new personal intelligence system, and launched the iPhone 16, Mac with M4 chips, and new iPads, along with updates to Apple Watch and AirPods.

Strong Services Growth

Services revenue reached a new all-time high of $25 billion. Paid subscriptions grew double digits, and Apple surpassed 1 billion paid subscriptions across its services.

Expansion in Emerging Markets

Apple achieved September quarter revenue records in several countries, including India, where it set an all-time revenue record.

Environmental Milestones

Apple introduced its first-ever carbon-neutral Mac and offers a carbon-neutral option for any Apple Watch, aiming to be carbon neutral across its entire footprint by 2030.

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Apple (AAPL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AAPL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 30, 2025	2025 (Q1)	2.36 / -	2.18	―	―	―
Oct 31, 2024	2024 (Q4)	1.60 / 0.97	1.46	-33.56% (-0.49)	―
Aug 01, 2024	2024 (Q3)	1.35 / 1.40	1.26	11.11% (+0.14)	―
May 02, 2024	2024 (Q2)	1.50 / 1.53	1.52	0.66% (+0.01)	―
Feb 01, 2024	2024 (Q1)	2.10 / 2.18	1.88	15.96% (+0.30)	―
Nov 02, 2023	2023 (Q4)	1.39 / 1.46	1.29	13.18% (+0.17)	―
Aug 03, 2023	2023 (Q3)	1.20 / 1.26	1.2	5.00% (+0.06)	―
May 04, 2023	2023 (Q2)	1.43 / 1.52	1.52	0.00% (0.00)	―
Feb 02, 2023	2023 (Q1)	1.94 / 1.88	2.1	-10.48% (-0.22)	―
Oct 27, 2022	2022 (Q4)	1.27 / 1.29	1.24	4.03% (+0.05)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AAPL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 31, 2024	$225.66	$222.66	-1.33%
Aug 01, 2024	$217.87	$219.36	+0.68%
May 02, 2024	$172.41	$182.72	+5.98%
Feb 01, 2024	$185.95	$184.94	-0.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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