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03:24
Apple sees largest revenue growth in April-June in nearly 4 years
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SHOTLIST
CUPERTINO, CALIFORNIA, US (SEPTEMBER 10, 2024) (ANADOLU - ACCESS ALL) (FILE VIDEO)
1. VARIOUS OF DRONE SHOTS OF APPLE HEADQUARTERS
PALO ALTO, CALIFORNIA, US (SEPTEMBER 20, 2024) (ANADOLU – ACCESS ALL) (FILE VIDEO)
2. VARIOUS OF CUSTOMERS LINED UP IN QUEUES OUTSIDE APPLE STORE
3. WORKERS APPLAUDING IN APPLE STORE
4. CUSTOMERS LINED UP IN QUEUES OUTSIDE APPLE STORE
5. CUSTOMERS INSPECTING NEWLY RELEASED IPHONE 16 SERIES SMARTPHONES IN APPLE STORE
6. VARIOUS CLOSE SHOTS OF IPHONE 16 SMARTPHONES IN APPLE STORE
7. VARIOUS OF CUSTOMERS INSPECTING IPHONE 16 SMARTPHONES IN APPLE STORE
8. IPHONE 16 SMARTPHONES IN APPLE STORE
9. VARIOUS OF CUSTOMERS INSPECTING IPHONE 16 SMARTPHONES IN APPLE STORE
10. APPLE SMARTWATCH AND TABLETS (IPADS)
(FILE VIDEO) UNITED STATES US / SEPTEMBER 10-20, 2024: tech giant Apple reported its biggest quarterly revenue growth since December 2021 in the fiscal third quarter, with revenue increasing 10% year-on-year, according to the financial results by the firm released on late Thursday.
The revenue amounted to $94.04 billion in the April-June period, the data showed.
Apple's net income also saw an annual 9.2% rise in the same period, totaling $23.4 billion.
The earnings per share (EPS) of the tech giant grew 12% to $1.57 in the fiscal third quarter.
The financial results were above the market expectations for the quarter.
The iPhone, which saw a 13% annual growth in sales during the quarter to $44.58 billion, continues to be the company's most significant business.
During the June quarter, Apple's Mac division expanded at the quickest rate of all of its business segments, increasing by about 15% to $8.05 billion in sales.
Apple's services division, which includes content subscriptions, Apple warranties, and licensing agreements with Google and iCloud, grew by 13% over the same period to $27.42 billion.
“We are very pleased with our record business performance for the June quarter, which generated EPS growth of 12%,” said Kevan Parekh, Apple’s CFO.
“Our installed base of active devices also reached a new all-time high across all product categories and geographic segments, thanks to our very high levels of customer satisfaction and loyalty," he added.
In the after-hours trading on Thursday, Apple's stock rose 2.42% to $212.59.
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