Apple reports fourth quarter revenue of $94.9 billion, up 6 percent year over year
David Joseppi
Posted On 31/10/2024 
Apple has announced its financial results for its fiscal 2024 fourth quarter, posting quarterly revenue of $94.9 billion, up 6 percent year over year, and an all-time high for Services revenue.
“Today Apple is reporting a new September quarter revenue record of $94.9 billion, up 6 percent from a year ago,” said Tim Cook, Apple’s CEO. “During the quarter, we were excited to announce our best products yet, with the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and remarkable features for hearing health and sleep apnea detection. And this week, we released our first set of features for Apple Intelligence, which sets a new standard for privacy in AI and supercharges our lineup heading into the holiday season.”
“Our record business performance during the September quarter drove nearly $27 billion in operating cash flow, allowing us to return over $29 billion to our shareholders,” said Luca Maestri, Apple’s CFO. “We are very pleased that our active installed base of devices reached a new all-time high across all products and all geographic segments, thanks to our high levels of customer satisfaction and loyalty.”
Out of Apple’s total revenue of $94.93 billion, iPhone made up $46.22 billion of the total, up 5.5% year over year. Mac accounted for $7.74 billion, iPad for $6.95 billion, Wearables, Home, and Accessories for $9.04 billion and Services for $24.97 billion, up 11.91% year over year.
