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Apple | 8-K: Apple Reports Third Quarter Results

SEC ·  Aug 2, 2024 04:32

Summary by Futu AI

Apple achieved record June quarter results with revenue reaching $85.8B, up 5% YoY, and earnings per share of $1.40, increasing 11% YoY. Services revenue hit an all-time high at $24.2B, while Products revenue grew to $61.6B. The company's installed base of active devices reached new peaks across all geographic segments.The quarter generated nearly $29B in operating cash flow, enabling over $32B in shareholder returns including a declared cash dividend of $0.25 per share, payable on August 15, 2024. Regional performance showed strong growth in Americas ($37.7B) and Europe ($21.9B), while Greater China revenue declined to $14.7B.During the quarter, Apple announced significant software platform updates at WWDC, including Apple Intelligence, a new generative AI system designed to enhance iPhone, iPad, and Mac functionality. The company maintains its focus on innovation and customer-centric development while emphasizing privacy and core values.
Apple achieved record June quarter results with revenue reaching $85.8B, up 5% YoY, and earnings per share of $1.40, increasing 11% YoY. Services revenue hit an all-time high at $24.2B, while Products revenue grew to $61.6B. The company's installed base of active devices reached new peaks across all geographic segments.The quarter generated nearly $29B in operating cash flow, enabling over $32B in shareholder returns including a declared cash dividend of $0.25 per share, payable on August 15, 2024. Regional performance showed strong growth in Americas ($37.7B) and Europe ($21.9B), while Greater China revenue declined to $14.7B.During the quarter, Apple announced significant software platform updates at WWDC, including Apple Intelligence, a new generative AI system designed to enhance iPhone, iPad, and Mac functionality. The company maintains its focus on innovation and customer-centric development while emphasizing privacy and core values.

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