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
