Saturday, 3 February 2024

AAPL Earnings: Apple’s Q1 revenue and profit beat Street view; iPhone sales up 6%

by Rose White

Apple Inc. (NASDAQ: AAPL) on Thursday reported stronger-than-expected profit and revenue for the first quarter of 2024. Earnings and revenues increased year-over-year.

AAPL Earnings: Apple’s Q1 revenue and profit beat Street view; iPhone sales up 6%

AAPL Earnings: Apple’s Q1 revenue and profit beat Street view; iPhone sales up 6%

The Cupertino-based tech giant said first-quarter profit rose to $33.92 billion or $2.18 per share from $30.0 billion or $1.88 per share in the year-ago period. Analysts had forecast a lower earnings number.

Revenues came in at $119.6 billion in the December quarter, vs. $117.2 billion in the corresponding period of 2023. At $69.7 billion, sales of iPhone were up 6% year-over-year. The top line also beat estimates.

“We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments,” said Apple’s CEO Tim Cook.

Prior Performance

  • Apple Q1 2023 earnings infographic

The post AAPL Earnings: Apple’s Q1 revenue and profit beat Street view; iPhone sales up 6% first appeared on AlphaStreet.

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