Apple Reports Record-Breaking Q4 Revenue Boosted by iPhone Sales

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ICARO Media Group
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31/10/2024 23h22

**Apple Achieves Record-Breaking Q4 Revenue Driven by iPhone Sales**

Apple Inc. has reported its financial results for the fiscal fourth quarter of 2024, which ended on September 28. The tech giant achieved a record-breaking quarterly revenue of $94.9 billion, marking a 6% increase compared to the previous year. This performance was significantly supported by robust iPhone sales and the introduction of new product lines.

CEO Tim Cook announced that the company is thrilled to reveal this milestone. Over the quarter, Apple launched several new products, including the iPhone 16 lineup, Apple Watch Series 10, and AirPods 4. Notably, these products come with advanced features such as hearing health functionalities and sleep apnea detection. Additionally, Apple introduced Apple Intelligence, designed to set new standards for privacy in artificial intelligence.

Financially, Apple's impressive performance during the September quarter also resulted in nearly $27 billion in operating cash flow. According to CFO Luca Maestri, this strong cash flow enabled the company to return over $29 billion to shareholders. Furthermore, the active installed base of Apple devices has reached a new all-time high across all product lines and regions, spurred by high levels of customer satisfaction and loyalty.

The company's board of directors has declared a cash dividend of $0.25 per share on common stock, payable on November 14, 2024, to shareholders on record as of November 11, 2024. Apple has also scheduled a live webcast of its Q4 2024 financial results conference call for October 31, 2024, providing an opportunity for investors and analysts to gain deeper insights into the company's performance and future outlook.

Apple's continued efforts to revolutionize personal technology with its lineup of innovative products and services have solidified its position as a global leader.

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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