Apple Inc. saw its revenue grow by 6% to $94.9 billion year-over-year in the closing quarter of fiscal 2024, the tech giant reported on Thursday. The figure came above analysts' expectations.
For the quarter ending September 28, Apple's diluted earnings per share rose to $1.64, marking a 12% year-over-year increase. However, net income for the quarter declined by 36%, totaling $14.7 billion. Full-year revenue reached $391 billion, a 2% rise from the previous year, while net income dropped by 3% to $93.7 billion. In 2024, iPhone sales volume increased by 0.30%, reaching a total of $201.2 billion.
"Our record business performance during the September quarter drove nearly $27 billion in operating cash flow, allowing us to return over $29 billion to our shareholders," CFO Luca Maestri stated.
Apple's stock fell 0.93% in after-hours trading following the release of the report.
