According to Quick Technology on November 1, Apple released its fiscal fourth-quarter and full-year financial results for fiscal year 2024 (October 2023 to September 2024).

The report revealed that Apple's total net revenue for the fourth fiscal quarter was $94.93 billion, a 6% increase from $89.498 billion in the same period last year. Net profit was $14.736 billion, a 36% decrease from $22.956 billion in the same period last year. Diluted earnings per share (EPS) were $0.97, down 34% from $1.46 in the same period last year. Apple's revenue in Greater China for the fourth fiscal quarter was $15.033 billion, a slight decrease from $15.084 billion in the same period last year.

Apple's EPS and revenue for the fourth fiscal quarter exceeded Wall Street analysts' expectations, but its net profit fell significantly YoY due to a one-time charge, leading to a 2% drop in its after-hours stock price.

Apple's board of directors announced that it will pay a cash dividend of $0.25 per share to common stockholders. This dividend will be paid on November 14, 2024, to shareholders of record as of the close of business on November 11, 2024.

Detailed Q4 Performance:

For the fourth fiscal quarter ended September 30, 2024, Apple's net profit was $14.736 billion, down 36% YoY. Diluted EPS was $0.97, down 34% YoY. In the fourth fiscal quarter of 2023, Apple's net profit was $22.956 billion, with diluted EPS of $1.46.

Excluding a one-time charge related to the impact of the annulment of the European General Court's State aid ruling recognized in the fourth fiscal quarter of 2024, Apple's adjusted diluted EPS for the fourth fiscal quarter was $1.64, up 12% YoY, surpassing analysts' expectations. According to Yahoo Finance, the average forecast of 25 analysts was $1.6 EPS for Apple's fourth fiscal quarter.

Apple's operating profit for the fourth fiscal quarter was $29.591 billion, up from $26.969 billion in the same period last year.

Apple's gross profit for the fourth fiscal quarter was $43.879 billion, up from $40.427 billion in the same period last year. Apple's gross margin for the fourth fiscal quarter was 46.2%, exceeding analysts' expectations. According to data from LSEG (formerly Refinitiv), the average forecast of analysts was a gross margin of 46.0% for Apple's fourth fiscal quarter.

Apple's total net revenue for the fourth fiscal quarter was $94.93 billion, up 6% from $89.498 billion in the same period last year, surpassing analysts' expectations. According to Yahoo Finance, the average forecast of 27 analysts was $94.58 billion in revenue for Apple's fourth fiscal quarter.

Apple's net revenue from products in the fourth fiscal quarter was $69.958 billion, up from $67.184 billion in the same period last year. Net revenue from services was $24.972 billion, up from $22.314 billion in the same period last year.

Apple's EPS and revenue for the fourth fiscal quarter exceeded Wall Street analysts' expectations, but its net profit fell significantly YoY due to the aforementioned one-time charge, leading to a 2% drop in its after-hours stock price.

By Region:

Apple's revenue from the Americas segment in the fourth fiscal quarter was $41.664 billion, up from $40.115 billion in the same period last year.

Revenue from the Europe segment was $24.924 billion, up from $22.463 billion in the same period last year.

Revenue from Greater China was $15.033 billion, down slightly from $15.084 billion in the same period last year.

Revenue from the Japan segment was $5.926 billion, up from $5.505 billion in the same period last year.

Revenue from the Rest of Asia Pacific was $7.383 billion, up from $6.331 billion in the same period last year.

FY 2024 Financial Highlights:

For the entire fiscal year 2024, Apple's revenue was $391.035 billion, up from $383.285 billion in fiscal year 2023.

Apple's net revenue from products in fiscal year 2024 was $294.866 billion, down from $298.085 billion in fiscal year 2023. Net revenue from services was $96.169 billion, up from $85.2 billion in fiscal year 2023.

Apple's net profit for fiscal year 2024 was $93.736 billion, down from $96.995 billion in fiscal year 2023. Diluted EPS was $6.08, down from $6.13 in fiscal year 2023.

Apple's gross profit for fiscal year 2024 was $180.683 billion, up from $169.148 billion in fiscal year 2023.

Apple's operating profit for fiscal year 2024 was $123.216 billion, up from $114.301 billion in fiscal year 2023.