Apple has released its financial results for the third quarter of the fiscal year 2024, which ended on June 29, 2024. The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year.
This was made public by Apple CEO Tim Cook. As indicated by him, during the recent Developers conference. He stated,
“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 percent and nearly $29 billion in operating cash flow, allowing us to return over $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.”
Additionally, a cash dividend of $0.25 per share of Apple’s common stock was declared by the company’s board of directors. Shareholders of record as of the close of business on August 12, 2024, will receive the dividend on August 15, 2024.
Customers Experience The Magic Of Apple Vision Pro In China, Hong Kong And Japan
On August 1, 2024, Apple’s Q3 2024 financial results conference was streamed live online at apple.com/investor/earnings-call. The webcast will be accessible for replay for roughly fourteen days from that point.
Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro.
Apple’s six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple’s more than 150,000 employees are dedicated to making the best products on earth.
