Apple reported revenue of $119.58 billion in its first-quarter results for the 2024 fiscal year, with earnings rebounding from the year-ago quarter.
The first quarter of the 2024 fiscal calendar, and one typically assisted by holiday sales, Apple issued its financial results on Thursday, ahead of the usual conference call that CEO Tim Cook and CFO Luca Maestri has with industry analysts.
For the first quarter, Apple achieved $119.58 billion in revenue, up from the $117.15 billion reported for Q1 2023. The earnings per share of $2.18 is up from the $1.88 from the year-ago quarter.
Broken down into segments, Apple’s iPhone revenue of $69.7 billion is up from the $65.78 billion of the year-ago period.
Mac revenue is up at $7.78 billion compared to Q1 2023’s $7.74 billion. Revenue from iPad sales fell from $9.4 billion one year prior to $7.023 billion this quarter.
Wearables, Home, and Accessories managed $11.95 billion, down year-on-year from $13.48 billion. Services, a typically reliable growth arm for the company, saw its finances go from $20.77 billion in Q1 2023 to $23.117 in the latest results.
Apple’s board of directors has issued a cash dividend of $0.24 per share of common stock, payable on February 15 to shareholders of record as of the close of business on February 13.
Additional information about Apple’s quarter will be revealed during the analyst call.
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This story originally appeared on Appleinsider
