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.
About Larry Dignan:
Dignan was most recently Celonis Media’s Editor-in-Chief, where he sat at the intersection of media and marketing. He is the former Editor-in-Chief of ZDNet and has covered the technology industry and transformation trends for more than two decades, publishing articles in CNET, Knowledge@Wharton, Wall Street Week, Interactive Week, The New York Times, and Financial Planning.
He is also an Adjunct Professor at Temple University and a member of the Advisory Board for The Fox Business School's Institute of Business and Information Technology.
<br>Constellation Insights does the following:
Cover the buy side and sell side of enterprise tech with news, analysis, profiles, interviews, and event coverage of vendors, as well as Constellation Research's community and…
Read more
Published
October 31, 2024
Author