record income thanks to iPhone

Apple presented its financial results corresponds to the fourth quarter of 2024. The fourth quarter of the year is important for Apple because it is the period in which collects a percentage of iPhone sales. This year will be no exception as the iPhone 16 has become a sales catalyst thanks to its new features.

According to official documents, Apple said revenue $94.93 billion.. Much of the success comes from the iPhone, which grew 6% in sales this quarter. Even though revenue in the fourth quarter was a fraction of that of the iPhone 16, Cupertino reported that sales of the new handset were higher than the iPhone 15 compared to the iPhone 14 in the previous year.

“This quarter, we’re excited to announce our top products: the new iPhone 16 lineup, Apple Watch Series 10, AirPods 4, and outstanding features for hearing health testing and sleep apnea detection,” said Tim Cook, CEO of the company. Apple. “We are very pleased that our Active installed base of devices reaches new record level across all products and geographic segments due to our high levels of customer satisfaction and loyalty.

Despite beating Wall Street estimates, Apple’s net profit plummets due to a million-dollar fee from the EU. The technology company paid $10.2 billion in taxes to resolve a legal dispute with the European Commission, which in 2016 accused it of being regime-supporting by the Irish Treasury.

Apple Q4 2024 Results

In its fiscal fourth quarter (Q4 2024), corresponding to July, August and September, Apple entered $94.93 billionup from $94.58 billion in the fourth quarter of 2023. While iPhone 16 sales are up this quarter, the figure falls short of the first quarter as it only covers what was collected during the launch week.

Revenue by product category in the fourth quarter of 2024 is as follows: