Total Revenue | 85.8 billion USD |
Earnings Per Share | 1.4 USD |
Services Revenue | 24.2 billion USD |
iPad Revenue Growth | 24 % |
Operating Cash Flow | 28.9 billion USD |
Paid Subscriptions | 1 billion |
Gross Margin | 46.5 % |
OpEx Guidance | 14.4 billion USD |
Apple reported a record revenue of $85.8 billion for Q3 FY2024, a 5% increase year-over-year, with EPS growing to $1.40, marking a strong performance across various segments.
Record revenue of $85.8 billion, up 5% from a year agoThe services sector reached an all-time revenue record of $24.2 billion, with a significant 14% year-over-year growth, indicating robust demand and engagement.
An all-time revenue record in services which grew 14%iPad revenue surged 24% year-over-year due to the successful launch of the new iPad Pro and Air models, showing strong consumer demand.
IPad revenue was $7.2 billion, 24% higher year-over-yearApple's installed base of active devices reached a record high, reflecting strong customer loyalty and satisfaction across product lines.
Installed base of active devices reach an all-time highPrioritizing privacy and security remains a central aspect of Apple's strategy, especially with new features like on-device processing.
Apple Intelligence is built on a foundation of privacyOperational expenses were $14.3 billion, up 7% year-over-year, suggesting rising costs that could pressure margins if not managed effectively.
Operating expenses of $14.3 billion were at the low end of the guidance rangeThe introduction of 'Apple Intelligence' aims to enhance user interaction and engagement with Apple devices, positioning the company as a leader in AI and machine learning innovation.
Unveil game-changing updates across our platforms, including Apple IntelligenceThere is a noted decline in Greater China sales, attributed in part to currency effects, which raises concerns about future growth in a competitive market.
Sales down 6% this quarter, 3% in constant currencyThe company must navigate a challenging regulatory environment, particularly regarding the rollout of AI features, which could impact timing and execution.
We have to understand the regulatory requirements