Services category broke all-time revenue record
While Apple set new records for both revenue and earnings per share in the June quarter Services category broke the all-time revenue record. Also in the iPad category new iPad Pro ve iPad Air There was a significant increase in revenues thanks to the introduction of the models.
Gross profit margin in this quarter was 46.3 percent compared to 44.5 percent in the same quarter of the previous year. Operating expenses increased by 7 percent compared to the previous year, reaching 14.3 billion dollars. Apple broke quarterly revenue records in many countries and regions, including Canada, Mexico, France, Germany, the United Kingdom, India, Indonesia, the Philippines and Thailand.
In line with these results, Apple’s board of directors decided to pay per share of the company’s shares. $0.25 announced that it will distribute cash dividends of The dividend will be paid to shareholders of record on August 15, 2024, at close of business on August 12, 2024.
Revenues by product category
- iPhone: Revenue was $39.30 billion, down 0.94 percent from $39.67 billion in the same period last year, but was above Wall Street’s estimate of $38.81 billion.
- Mac: Reported revenue was $7.01 billion, up 2.46 percent from $6.84 billion in the third quarter of 2023. It was slightly below Wall Street’s estimate of $7.02 billion.
- iPad: It reached $7.16 billion, up 23.63 percent from $5.79 billion a year ago, and surpassed Wall Street’s forecast of $6.61 billion.
- Wearable Products and Accessories: Its revenue fell 2.26 percent at $8.10 billion compared to $8.28 billion in the same quarter last year.
- Services: It continued its growth, exceeding Wall Street’s estimate of $24.01 billion, increasing by 14.14 percent annually, from $21.21 billion to $24.21 billion.
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