Apple Reports Record Q3 2024 Financial Results with Strong Global Growth and AI Innovation

By Byte Staff Reports
FILE PHOTO: CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2024. REUTERS/Manuel Orbegozo/File Photo

Apple reported a new June quarter revenue record of $85.8 billion, marking a 5% increase from the same period last year. Earnings per share (EPS) grew by 11% to $1.40, also a record for the June quarter.

Widespread Growth and Global Presence

The company set quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand. This widespread growth underscores Apple’s strong global presence.

Services Segment Reaching New Heights

Services revenue reached an all-time high, growing by 14% year-over-year. This segment continues to be a significant contributor to Apple’s overall revenue, driven by the ecosystem of Apple’s products and services.

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