Apple announced results for the second fiscal (first calendar) quarter of 2024.
Revenue for the quarter was $90.8 billion, down $4 billion from a year earlier. Quarterly net income was $23.6 billion ($1.53 diluted earnings per share). A year earlier, this figure was $24.1 billion (1.52 diluted earnings per share).
Apple set a quarterly service revenue record of $23.9 billion, but iPhone sales fell by more than $5 billion.
Gross margin for the quarter was 46.6% compared to 44.3% in the second quarter in 2023. Apple’s board of directors also authorized an additional $110 billion in share repurchases and announced an increase in dividend payments to $0.25 per share. [9to5]
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Source: Iphones RU
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