Apple Reports Q4 2024 Results with Record Revenue and iPhone Sales

In its latest financial announcement, Apple has revealed its fiscal Q4 2024 results, showcasing a remarkable revenue of $94.9 billion. This figure marks a 6% increase year-over-year, indicating a strong performance driven by the launch of the new iPhone 16, alongside other popular products such as the Apple Watch Series 10 and AirPods 4.

The breakdown of Apple's revenue shows that $46.2 billion came from iPhone sales alone. This substantial amount reflects the ongoing demand for Apple's smartphones, particularly the newly released iPhone 16. Furthermore, the company earned $7.4 billion from its Mac category and $7 billion from iPad sales, both of which experienced growth compared to the previous year. Additionally, revenue from wearables, home, and accessories reached $9 billion, while the services segment achieved an impressive $25 billion in revenue, marking a 12% increase year-over-year.

Apple's CEO, Tim Cook, expressed enthusiasm about the company's performance, stating, "Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 percent from a year ago. 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. And this week, we released our first set of features for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season."

Additionally, Apple’s Chief Financial Officer, Luca Maestri, highlighted the financial success of the company, mentioning, "Our record business performance during the September quarter drove nearly $27 billion in operating cash flow, allowing us to return over $29 billion to our shareholders. We are very pleased that our active installed base of devices reached a new all-time high across all products and all geographic segments, thanks to our high levels of customer satisfaction and loyalty."

Apple, Earnings, iPhone