Apple breaks revenue record in Q3 2024 fiscal year. The company, which published a financial report for the relevant period, announced that it had a 5 percent increase in the third quarter compared to the same period of the previous year and earned $85.8 billion in revenue. iPad sales and the Services category had a major impact on Apple’s revenue increase. Here are the details…
Apple Breaks Revenue Record in Q3 2024!
Apple CEO Tim Cook It announced the third quarter financial data of the 2024 fiscal year. Cook, who said that they broke a new June quarter revenue record, stated that they generated a revenue of $ 85.8 billion. This figure was recorded as the highest revenue Apple has ever achieved for the said period. Apple stock Quarterly earnings for the company also increased by 11 percent compared to the same period in 2023, and $1.40 level was realized.
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World giant Apple in the third quarter of 2024 earnings per share and saw the highest revenue figures. In addition, the Apple Services category also achieved its highest revenue ever. When looking at revenues by category Big rise in iPad category too was seen to be recorded.
In the third quarter of 2024 gross profit margin increased compared to the same period in 2023, reaching 46.3 percent; this rate was 44.5 percent last year. In addition, in the relevant period of the 2024 fiscal year, compared to the same period in 2023, Apple operating expenses Operating expenses increased by 7 percent to 14.3 percent.
Apple to Pay $0.25 Dividend
Apple broke revenue records in many countries and regions in the June 2024 quarter. These countries are: France, Canada, United Kingdom, Germany, Philippines, India, Thailand and Indonesia Apple’s board of directors announced that this profit will be reflected to shareholders as dividends. Apple pays shareholders $0.25 dividend It was also announced that dividend payments will be made on August 15th.
Apple also announced revenues for categories based on products and services. In this context, iPhone revenues It was announced that it was realized at $39.30 billion, a decrease of approximately 1 percent compared to the third quarter of 2023. iPhone category revenue was expected to be $38.81 billion; in other words, more revenue was obtained than expected.
23.63 Percent Increase in iPad Revenues!
Mac revenues increased by 2.46 percent compared to the same period of the previous fiscal year and amounted to $7.01 billion in the third quarter of 2024. In addition, there was a jump in iPad revenues. An increase of 23.63 percent was recorded compared to the same period of the previous year. In the third quarter of 2023, it was $5.79 billion. iPad revenues $7.16 billion in Q3 of this year This beat Wall Street’s $6.61 billion estimate for this category.
In the wearable technology products and accessories category, there was a decrease of 2.26 percent, reaching $8.10 billion. Services category It was also one of the record results. Compared to last year 14.14 percent increase The revenue obtained in the section showing the revenue was 24.21 billion dollars.