Apple Q1 2024 Results

Apple Newsroom:

Apple today announced financial results for its fiscal 2024 first quarter ended December 30, 2023. The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year.

“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services,” said Tim Cook, Apple’s CEO. “We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to experience the incredible Apple Vision Pro tomorrow, we are committed as ever to the pursuit of groundbreaking innovation — in line with our values and on behalf of our customers.”

Year-over-year revenue changes for the holiday quarter, from their financial statement (PDF): iPhone is up, Mac flat, iPad down (no new hardware all year!), wearables down a little, and services continue to grow steadily.

Jason Snell has his usual collection of excellent charts, and his transcript of the analysts call.

★ Friday, 2 February 2024