Categories AlphaGraphs, Earnings, Technology
AAPL Earnings: Apple’s Q1 revenue and profit beat Street view; iPhone sales up 6%
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.
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
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its