Apple reported its latest quarterly earnings results Thursday, revealing all-time record-breaking sales for its October-December 2024 period.
Wall Street forecast earnings per share (EPS) of $2.34 on $124 billion in revenue, according to analyst consensus data provided by LSEG. Apple reported diluted EPS of $2.40 (or $36.3 billion in net income), up 10% from the comparable October-December 2023 quarter, on $124.3 billion in revenue, which was up 4%.
“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” Apple CEO Tim Cook said in a letter to shareholders. “We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we’re excited that Apple Intelligence will be available in even more languages this April.”
Apple CFO Kevan Parekh added: “Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders. We are also pleased that our installed base of active devices has reached a new all-time high across all products and geographic segments.”
More to come…
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