FAQs
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.
Did Apple beat earnings? ›
Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback. Apple shares popped on Friday, their best day since November 2022, after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program.
How is Apple doing financially? ›
The company reported $90.8 billion in fiscal second-quarter revenue, down from $94.8 billion a year before. Analysts were modeling $90.4 billion. Apple's net income was $23.6 billion, or $1.53 a share, compared with $24.2 billion, or $1.52 a share, in the year-earlier period. Analysts were looking for $1.51 a share.
What is the quarterly report of Apple? ›
AAPL Finanicals
| Item Item | 31-Mar-2023 | 30-Jun-2023 |
|---|
| Sales/Revenue Sales/Revenue | 94.84B | 81.8B |
| Sales Growth Sales Growth | - | -13.75% |
| Cost of Goods Sold (COGS) incl. D&A Cost of Goods Sold (COGS) incl. D&A | 52.86B | 45.38B |
| COGS Growth COGS Growth | - | -14.14% |
46 more rowsApple revenue for the quarter ending March 31, 2024 was $90.753B, a 4.31% decline year-over-year. Apple revenue for the twelve months ending March 31, 2024 was $381.623B, a 0.9% decline year-over-year. Apple annual revenue for 2023 was $383.285B, a 2.8% decline from 2022.
What is Apple's q2 2024 report? ›
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.
Why did Apple stock jump? ›
Key Takeaways. Apple shares jumped in extended trading Thursday after the company announced revenue and earnings that beat analysts' estimates driven by record-high Services revenue. The company's fiscal second-quarter revenue fell 4% to $90.75 billion, while net income slipped 2% to $23.64 billion.
How much is Apple in debt? ›
Total debt on the balance sheet as of March 2024 : $104.59 B
According to Apple's latest financial reports the company's total debt is $104.59 B. A company's total debt is the sum of all current and non-current debts.
What is Apple's forecast for 2024? ›
These analysts predict that Apple shares will reach $202.95 by April 2024, with a potential high of $250 and a potential low of $158.
Why are Apple sales declining? ›
The company said the figures were distorted by Covid-related supply disruptions, which led to unusually strong sales during the same period last year. It said it expected sales to return to growth in the months ahead, noting upcoming product launches and investments in artificial intelligence (AI).
The Wall Street consensus on AAPL stock is largely bullish. Out of the 34 Wall Street analysts who have provided recommendations and target prices on the company in the last three months, 22 have issued a Buy rating, 11 have issued a Hold rating, and only one has issued a Sell rating.
What is Apple's earnings prediction? ›
AAPL Earnings Forecast
Next quarter's earnings estimate for AAPL is $1.33 with a range of $1.27 to $1.40. The previous quarter's EPS was $1.53. AAPL beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.73% of the time in the same period.
Where will Apple be in 5 years? ›
Analysts are expecting Apple to sustain double-digit earnings growth of 11% for the next five years. Based on its fiscal 2023 earnings of $6.13 per share, its bottom line could jump to $10.33 per share in five years.
In what country does Apple make the most money? ›
U.S.: Apple's biggest market
Although international sales have a growing share of Apple's total revenue, the U.S. still counts for over 41 percent of Apple's net sales.
Which country uses Apple the most? ›
Download Table Data
| Country | iOS Market Share 2023 | Android Market Share 2022 |
|---|
| Macau | 59.43% | 35.89% |
| United States | 58.1% | 42.94% |
| Guam | 57.31% | 42.12% |
| Switzerland | 56.81% | 43.21% |
77 more rowsApple said that overall, revenues across the company declined by 4% to $90.8bn (£72.5bn), which was the biggest drop for more than a year.
Has Apple ever made a profit? ›
Apple gross profit for the twelve months ending March 31, 2024 was $173.966B, a 4.62% increase year-over-year. Apple annual gross profit for 2023 was $169.148B, a 0.96% decline from 2022. Apple annual gross profit for 2022 was $170.782B, a 11.74% increase from 2021.
What is the expected move of AAPL earnings? ›
AAPL expected move
AAPL's expected move after earnings is +/- 5.23%. Below, we'll compare this expectation with their historical price movement after earnings.
