Apple Q4 ahead of estimates along with iPhone sales
Published October 31, 2024
Apple reported a solid fourth quarter as earnings, revenue and iPhone sales were above expectations.
The company reported fourth quarter earnings of $1.64 a share on revenue of $94.93 billion. Wall Street was looking for earnings of $1.60 a share on revenue of $94.58 billion.
With the results, Apple allayed some fears about iPhone sales. iPhone revenue was $46.22 billion in the fourth quarter ahead of expectations. However, Mac, iPad and services revenue fell short of what many analysts were expecting.
CEO Tim Cook said revenue in the fourth quarter was at a record level and up 6% from a year ago. He touted new product cycles for iPhone, Apple Watch and AirPods.
Larry Dignan is Editor in Chief of Constellation Insights at Constellation Research, where he leads editorial coverage focused on enterprise technology, digital transformation, and emerging trends shaping the future of business. He oversees research-driven news, analysis, interviews, and event coverage designed to help technology buyers and vendors navigate complex markets with clarity and context. ...
Read morePublished
October 31, 2024
Author
