Apple Inc.
Apple Reports Q2 2024 Financial Results with Earnings Beat and Dividend Increase
Summary
On May 2, 2024, Apple Inc. reported its second fiscal quarter results for the period ended March 30, 2024. The company posted a quarterly revenue of $90.8 billion, resulting in earnings per diluted share of $1.53, surpassing the prior quarter's results. Services revenue reached an all-time record. Apple's Board also authorized an additional $110 billion for share repurchases and increased its quarterly dividend by 4% to $0.25 per share. Detailed financial information and forward-looking statements are included in the attached exhibit.
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Exhibits (1)
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About Apple Inc.
Apple Inc. is a leading corporation renowned for crafting and delivering a diverse array of technology products on a global scale. Specializing in consumer electronics, Apple’s flagship products include the iPhone, a series of smartphones that have significantly influenced mobile communication. Complementing this is their line of Mac computers, which blend powerful processors with the macOS operating system distinguished for its sleek design and robust performance. Apple also offers iPad tablets, noted for their versatility in both personal and professional settings, and wearables such as AirPods and the Apple Watch, which have expanded the company's reach into the personal accessories market. Beyond hardware, Apple operates a robust ecosystem of services like the App Store, a digital distribution platform for apps, and Apple Music, a significant player in the music streaming industry. By constantly innovating in hardware and digital services, Apple Inc. maintains its stature within the consumer technology sector and continues to wield substantial influence over market dynamics and consumer tech trends worldwide.
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