Apple has published its financial results for the 4th fiscal quarter of 2024. In a calendar year, of the cycle covering the months of July, August and September 2024. A pivotal period with the arrival of the new iPhone 16 and Apple Watch 10, it is interesting to see if Apple can capitalize on its other products. The Vision Pro, released worldwide (or almost), is also closely scrutinized.
The turnover is up significantly by 5.36% in the 4th fiscal quarter of 2024
At the end of each fiscal quarter, Apple meets to announce its financial results. This is the perfect time to reassure investors and get AAPL stock off the ground. During this quarter, the iPad significantly boosted results thanks to the release of the iPad Air M2 and iPad Pro M4.
For the record, Apple begins its fiscal year on October 1 of year N-1.
Place the numbers. Over the past three months, Apple has gained 94.93 billion of dollars according to his site dedicated to investors. A sum in increase of 5.36 % compared to the same period last year. The net profit from this turnover is 14.74 billion dollars (-35.8%) with earnings per share of $1.64 against 1.46 previously.
Revenue for the fourth fiscal quarter of 2024 is broken down into several categories according to Apple’s press release:
- First theiPhonewhich remains the giant’s main source of income. Apple won 46.22 billion dollars, i.e. increase of 5.05% compared to last year over the same period. The iPhone 16 has a limited impact for the moment but the figures are encouraging.
- Then, theiPad. This is logically the flagship category of these results since with the release of the new iPad Pro and Air 2024, there is something new like the OLED screen. Cupertino won 6.95 billion dollars, i.e. increase of 7.92%.
- Let’s move on to Mac ! Apple’s computer brings the Californian firm the sum of 7.74 billionor a increase of 1.71%. In this segment, Apple benefited from the launch of the new M3 Macbook Air released a few months ago, but not yet the new M4 Macs.
- The penultimate category is none other than the WearableswhoseApple Watch and accessories like AirPodsthe “catch-all”. This product category reported 9.04 billion dollars, i.e. drop of 3%. Analysts believe that the Vision Pro falls into this category, although the information has not been confirmed by Apple. The recent launch of the new AirPods 4 should make up for this decline.
- To finish, services ! The category continues to explode the counters, and this new quarter confirms it. Services report 24.94 billion dollars, an increase of 11.92%! Apple can thank Apple Music, iCloud+, Apple Arcade and other Apple TV+.
Tim Cook expressed himself in the financial report:
Today, Apple announced a new September quarter revenue record of $94.9 billion, up 6% from last year. During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and notable features for hearing health and hearing detection. sleep apnea. And this week, we launched our first feature set for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season.
Luca Mestri Apple’s CFO said:
Our record business performance during the September quarter generated nearly $27 billion in operating cash flow, allowing us to return more than $29 billion to our shareholders. We are very pleased that our active installed base of devices has reached a new all-time high across all products and geographies, driven by our high levels of customer satisfaction and loyalty.