Title: Apple Reports Record Third Quarter Revenue of $85.8 Billion

Apple has announced its financial results for the third quarter of fiscal year 2024, which ended on June 29, 2024. The tech giant reported quarterly revenue of $85.8 billion, marking a 5 percent increase compared to the same period last year. The earnings per diluted share (EPS) also witnessed growth, rising by 11 percent to $1.40.

Tim Cook, Apple's CEO, expressed enthusiasm for the company's achievements during the quarter. Cook highlighted the unveiling of "Apple Intelligence" at the recent Worldwide Developers Conference, a personal intelligence system that utilizes powerful and private generative AI models integrated into iPhones, iPads, and Macs. He emphasized Apple's commitment to enriching customers' lives with innovative tools and upholding the company's core values.

Luca Maestri, Apple's CFO, highlighted the strong business performance during the quarter, with an EPS growth of 11 percent and an impressive operating cash flow of nearly $29 billion. This allowed Apple to return over $32 billion to its shareholders. Maestri also noted that the installed base of active Apple devices reached an all-time high across all geographic segments, thanks to high customer satisfaction and loyalty.

To further reward its shareholders, Apple's board of directors declared a cash dividend of $0.25 per share of common stock. The dividend will be paid on August 15, 2024, to shareholders of record as of August 12, 2024.

Apple will provide a live stream of its Q3 2024 financial results conference call on August 1, 2024, through its investor relations website. The webcast will be available for replay for approximately two weeks after the event.

It is important to note that this press release contains forward-looking statements and involves certain risks and uncertainties. Apple advises that actual results may differ materially from these statements due to various factors, including global and regional economic conditions, market competition, and legal proceedings. For more details on these risks, interested parties can refer to Apple's filings with the Securities and Exchange Commission (SEC).

Apple continues to be a pioneer in personal technology, with an impressive lineup of products such as the iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. The company's software platforms, including iOS, iPadOS, macOS, watchOS, visionOS, and tvOS, seamlessly connect these devices, making it easier for users to enjoy breakthrough services like the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+.

With over 150,000 dedicated employees, Apple remains committed to developing the best products while also striving to make a positive impact on the world.

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