Apple’s Q4 2024 Results
Apple (transcript, MacRumors, MacStories):
The Company posted quarterly revenue of $94.9 billion, up 6 percent year over year, and quarterly diluted earnings per share of $0.97. Diluted earnings per share was $1.64, up 12 percent year over year when excluding the one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision.
“Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 percent from a year ago,” said Tim Cook, Apple’s CEO.
All in all, Apple’s business was relatively flat. iPhone sales were up 6% but flat for the fiscal year; Mac sales were up 2%, which is about how they’ve been all year; Services continues to have reliable double-digit growth, but the rate of growth slowed to 12% year-over-year.
Gross margin for the quarter was 46.2 percent, compared to 45.2 percent in the year-ago quarter.
This is Apple’s final earnings call with Maestri, who is stepping down from his role on January 1, 2025 to lead the Corporate Services teams.
Previously:
- Apple Loses Ireland Tax Case
- Kevan Parekh Replaces Luca Maestri
- Apple’s Q3 2024 Results
- Apple’s Q4 2023 Results
Update (2024-11-14): Jason Snell:
It being the fiscal fourth quarter, of course, means it’s also the end of Apple’s fiscal year. That gives me the opportunity to cart out a separate set of charts, ones that take the longer view and show the changes in Apple’s business over an entire year.
Let’s dig into the charts, starting with the big one, overall Apple revenue for the last 26 years[…]
