{"id":45633,"date":"2024-11-01T16:11:08","date_gmt":"2024-11-01T20:11:08","guid":{"rendered":"https:\/\/mjtsai.com\/blog\/?p=45633"},"modified":"2024-11-14T14:46:38","modified_gmt":"2024-11-14T19:46:38","slug":"apples-q4-2024-results","status":"publish","type":"post","link":"https:\/\/mjtsai.com\/blog\/2024\/11\/01\/apples-q4-2024-results\/","title":{"rendered":"Apple’s Q4 2024 Results"},"content":{"rendered":"

Apple<\/a> (transcript<\/a>, MacRumors<\/a>, MacStories<\/a>):<\/p>\n

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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.<\/p>\n

“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.<\/p>\n<\/blockquote>\n\n

Jason Snell<\/a>:<\/p>\n

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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.<\/p>\n<\/blockquote>\n\n

Jordan Golson<\/a>:<\/p>\n

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Gross margin for the quarter was 46.2 percent, compared to 45.2 percent in the year-ago quarter.<\/p>\n<\/blockquote>\n\n

Juli Clover<\/a>:<\/p>\n

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.<\/p><\/blockquote>\n\n

Previously:<\/p>\n