Apple right this moment announced monetary outcomes for the second fiscal quarter of 2024, which corresponds to the primary calendar quarter of the 12 months.
For the quarter, Apple posted income of $90.8 billion and internet quarterly revenue of $23.6 billion, or $1.53 per diluted share, in comparison with income of $94.8 billion and internet quarterly revenue of $24.1 billion, or $1.52 per diluted share, within the year-ago quarter. Apple set an all-time quarterly file for Providers income at $23.9 billion, however iPhone income dropped by over $5 billion in comparison with the year-ago quarter.
Gross margin for the quarter was 46.6 p.c, in comparison with 44.3 p.c within the year-ago quarter. Apple’s board of administrators additionally licensed a further $110 billion for share repurchases and declared an elevated dividend fee of $0.25 per share, up from $0.24 per share. The dividend is payable Might 16 to shareholders of file as of Might 13.
“Right now Apple is reporting income of $90.8 billion for the March quarter, together with an all-time income file in Providers,” stated Tim Prepare dinner, Apple’s CEO. “Throughout the quarter, we had been thrilled to launch Apple Imaginative and prescient Professional and to indicate the world the potential that spatial computing unlocks. We’re additionally trying ahead to an thrilling product announcement subsequent week and an unbelievable Worldwide Builders Convention subsequent month. As at all times, we’re centered on offering the perfect services and products for our prospects, and doing so whereas residing as much as the core values that drive us.”
As has been the case for over 4 years now, Apple is as soon as once more not issuing steerage for the present quarter ending in June.
Apple will provide live streaming of its fiscal Q2 2024 monetary outcomes convention name at 2:00 pm Pacific, and MacRumors will replace this story with protection of the convention name highlights.
Convention name begins at 2:00 p.m. Pacific – No must refresh
Loading reside updates…
Widespread Tales
iOS 18 Rumored to Add New Features to These 16 Apps on Your iPhone
Apple is anticipated to announce iOS 18 throughout its WWDC keynote on June 10, and new options have already been rumored for a lot of apps, together with Apple Music, Apple Maps, Calculator, Messages, Notes, Safari, and others. Beneath, we recap iOS 18 rumors on a per-app foundation, based mostly on stories from MacRumors, Bloomberg’s Mark Gurman, and others: Apple Maps: No less than two new Apple Maps options are…
Apple Event Rumors: iPad Pro With M4 Chip and New Apple Pencil With Haptic Feedback
In his Energy On e-newsletter right this moment, Bloomberg’s Mark Gurman outlined among the new merchandise he expects Apple to announce at its “Let Free” occasion on Might 7. Subscribe to the MacRumors YouTube channel for extra movies. First, Gurman now believes there’s a “robust chance” that the upcoming iPad Professional fashions will likely be outfitted with Apple’s next-generation M4 chip, relatively than the M3 chip that…
Apple to Use ‘Best OLED Panels on the Market’ for Upcoming iPad Pro
Apple’s upcoming iPad Professional fashions will function “by far the most effective OLED pill panels in the marketplace,” in accordance with Show Provide Chain Consultants. Set to be introduced on Might 7, the OLED iPad Professional fashions will function LTPO (a extra energy environment friendly type of OLED), a 120Hz ProMotion refresh fee, and a tandem stack and glass thinning that may convey “ultra-thin and light-weight shows” that help excessive…
iOS 18 Rumored to ‘Overhaul’ Notes, Mail, Photos, and Fitness Apps
Bloomberg’s Mark Gurman right this moment stated that iOS 18 will “overhaul” a lot of Apple’s built-in apps, together with Notes, Mail, Photographs, and Health. Gurman didn’t reveal any particular new options deliberate for these apps. It was beforehand rumored that the Notes app will achieve help for displaying extra math equations, and a built-in choice to file voice memos, however that is the primary time now we have…
Apple’s M1 iPad Air Drops to New Low Price of $399.99 at Best Buy
Finest Purchase right this moment has discounted Apple’s M1 iPad Air (64GB Wi-Fi) to a brand new all-time low worth of $399.99 within the Starlight shade choice, down from $599.99. Finest Purchase says this deal will final by the top of the day, and it is solely accessible in a single shade at this file low worth. Observe: MacRumors is an affiliate accomplice with Finest Purchase. Once you click on a hyperlink and make a purchase order, we could obtain a…
Apple Announces ‘Let Loose’ Event on May 7 Amid Rumors of New iPads
Apple has introduced it will likely be holding a particular occasion on Tuesday, Might 7 at 7 a.m. Pacific Time (10 a.m. Japanese Time), with a reside stream to be accessible on Apple.com and on YouTube as typical. The occasion invitation has a tagline of “Let Free” and exhibits a creative render of an Apple Pencil, suggesting that iPads will likely be a spotlight of the occasion. Subscribe to the MacRumors YouTube channel for extra …
iOS 17.5 Includes ‘Repair State’ Option That Doesn’t Require Turning Off Find My for Service
With iOS 17.5, Apple is including a “Restore State” function that’s designed to permit an iPhone to be despatched in for service with out deactivating Discover My and Activation Lock. The fourth iOS 17.5 beta that got here out right this moment provides a “Take away This System” choice for all gadgets in Discover My, and utilizing it with an iPhone places that iPhone into the brand new Restore State. Proper now, sending an iPhone to Apple to be…