Apple has now officially opened its books and announced its results for the second fiscal quarter of 2024 (first calendar quarter of 2024).
Apple has now opened the books and released the results for the second fiscal quarter of 2024 (first calendar quarter of 2024). Side note: Apple's fiscal year starts on October 1st and ends on September 30th. Apple did not announce a sales forecast at the last quarterly earnings conference either. The Cupertino-based company posted sales of $90.8 billion and net income of $23.6 billion, or $1.53 per share, in the last quarter, compared to sales of $94.8 billion and net income of $24.1 billion in the same quarter last year. Apple boss Tim Cook made the following statement:
This quarter, we were thrilled to launch Apple Vision Pro and show the world the potential of spatial computing. We're also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month. As always, we're focused on providing our customers with the best products and services while living the core values that drive us.
Apple Q2/2024: Technology giant records decline in sales
Apple’s CFO, Luca Maestri, said:
Thanks to very high levels of customer satisfaction and loyalty, our active installed base reached a new all-time high across all products and all geographic segments, and our business performance resulted in a new EPS record in the March quarter. Given our confidence in Apple's future and the value we see in our stock, our Board of Directors has authorized an additional $110 billion for share repurchases. We are also increasing our quarterly dividend for the 12th consecutive year.
Apple's board of directors approved a dividend payment of $0.25 per share. The dividend will be paid on May 16 to shareholders of record as of the close of business on May 13. (Photo by Phongphan / Bigstockphoto)
