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Apple | 8-K: Apple Reports First Quarter Results

SEC announcement ·  Feb 2 05:34
Summary by Futu AI
On February 1, 2024, Apple Inc. released its financial results for the first fiscal quarter ending December 30, 2023. The tech giant reported a revenue of $119.6 billion, a 2% increase from the previous year, and a significant 16% increase in earnings per share (EPS), reaching a new all-time high of $2.18. Apple's CEO, Tim Cook, highlighted the growth in revenue driven by iPhone sales and a record performance in the Services sector. The company also announced that its active installed base of devices has surpassed 2.2 billion. Apple's CFO, Luca Maestri, expressed confidence in the company's future, citing nearly $40 billion in operating cash flow and the return of almost $27 billion to shareholders during the quarter. Additionally, Apple declared a cash dividend of $0.24 per share, payable on February 15, 2024, to shareholders of record as of February 12, 2024. The company's fiscal quarter spanned 13 weeks, compared to 14 weeks in the previous fiscal year. Apple plans to live stream its Q1 2024 financial results conference call on February 1, 2024.
On February 1, 2024, Apple Inc. released its financial results for the first fiscal quarter ending December 30, 2023. The tech giant reported a revenue of $119.6 billion, a 2% increase from the previous year, and a significant 16% increase in earnings per share (EPS), reaching a new all-time high of $2.18. Apple's CEO, Tim Cook, highlighted the growth in revenue driven by iPhone sales and a record performance in the Services sector. The company also announced that its active installed base of devices has surpassed 2.2 billion. Apple's CFO, Luca Maestri, expressed confidence in the company's future, citing nearly $40 billion in operating cash flow and the return of almost $27 billion to shareholders during the quarter. Additionally, Apple declared a cash dividend of $0.24 per share, payable on February 15, 2024, to shareholders of record as of February 12, 2024. The company's fiscal quarter spanned 13 weeks, compared to 14 weeks in the previous fiscal year. Apple plans to live stream its Q1 2024 financial results conference call on February 1, 2024.
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