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.

Apple Q1 2024 earnings infographic

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

  • Apple Q1 2023 earnings infographic

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

Home Depot (HD) Q4 2023 Earnings: Key financials and quarterly highlights

Home Depot (NYSE: HD) reported fourth quarter 2023 earnings results today. Sales were $34.8 billion, down 2.9% from the same quarter a year ago. Comparable sales decreased 3.5%.  Net earnings were $2.8

Nvidia (NVDA) is set to report Q4 2024 results. Here is what to expect

Nvidia Corporation (NASDAQ: NVDA) has emerged as the frontrunner in providing cutting-edge solutions to enterprises for ramping up their generative AI deployments. The chipmaker is thriving on the rapid transition

Hasbro vs. Mattel: Here’s how these toymakers fared in Q4 2023

Leading toymakers Hasbro, Inc. (NASDAQ: HAS) and Mattel, Inc. (NASDAQ: MAT) reported their fourth quarter 2023 earnings results this month. Both companies performed differently, with Hasbro coming out of a

Add Comment
Viewing Highlight