Apple reports Q4 results with revenue growth, net income drop

SAN FRANCISCO, Oct. 31 (Xinhua) — Apple on Thursday announced financial results for its fiscal 2024 fourth quarter ending Sept. 28, with a revenue of 94.9 billion U.S. dollars, up 6 percent year on year.
Its quarterly net income decreased to 14.74 billion dollars from 22.96 billion dollars a year ago.
The company posted quarterly earnings per diluted share (EPS) of 0.97 dollars, down from 1.46 dollars a year ago.
Apple’s iPhone sales amounted to 46.22 billion dollars, compared with 43.81 billion dollars a year ago; Mac sales increased to 7.74 billion dollars from 7.61 billion dollars; and its services revenue rose to 24.97 billion dollars from 22.31 billion dollars.
Apple’s net sales in the Greater China region decreased to 15.03 billion dollars from 15.08 billion dollars a year ago, according to the financial statement.
“Today Apple is reporting a new September quarter revenue record of 94.9 billion dollars, up 6 percent from a year ago,” said Tim Cook, Apple’s CEO. “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 remarkable features for hearing health and sleep apnea detection.”
Apple’s board of directors has declared a cash dividend of 0.25 dollars per share of the company’s common stock. The dividend is payable on Nov. 14, 2024, to shareholders of record as of the close of business on Nov. 11, 2024. ■