Services revenue reaches new all-time record EPS sets March quarter record
California's Cupertino, Apple released its financial figures today for the second quarter of its fiscal 2024, which concluded on March 30, 2024. The company reported quarterly earnings per diluted share of $1.53 and revenue of $90.8 billion, which was 4% less than the same period last year.
Apple CEO Tim Cook stated, "Today Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services." We were ecstatic to introduce Apple Vision Pro and demonstrate to the world the possibilities that spatial computing offers throughout the quarter. We're also anticipating an amazing Worldwide Developers Conference in January and an exciting product launch the following week. As usual, our top priority is giving our clients the greatest goods and services possible while upholding the fundamental principles that guide us.
"Our active installed base of devices has reached a new all-time high across all products and geographic segments, and our business performance drove a new EPS record for the March quarter," stated Apple CFO Luca Maestri. "This is due to very high levels of customer satisfaction and loyalty." "Our Board has approved an extra $110 billion for share repurchases, reflecting our faith in Apple's future and the value we place in our stock. Additionally, we are increasing our quarterly payout for the twelfth consecutive year.
A cash dividend of $0.25 per share of the company's common stock, representing a 4% increase, has been issued by Apple's board of directors. To stockholders of record as of May 13, 2024, the close of business, the dividend is payable on May 16, 2024. Additionally, an additional program to buyback up to $110 billion of the company's common stock has been approved by the board of directors.
On May 2, 2024, at 2:00 p.m. PT, Apple will stream live of its Q2 2024 financial results conference call live at apple.com/investor/earnings-call. Replays of the webcast will be accessible for around two weeks after that.
This press release includes statements that are forward-looking as defined by the Private Securities Litigation Reform Act of 1995. These statements about the Company's intentions for future business plans, the payment of its quarterly dividend, and the return of capital are all examples of forward-looking statements. These statements contain risks and uncertainties, and actual outcomes could be very different from any projected or stated future outcomes. Risks and uncertainties associated with the design, manufacture, introduction, and transition of goods and services in fiercely competitive and quickly evolving markets, including reliance on third parties for components, technology, manufacturing, applications, and war, as well as the effects of local and global economic conditions, including as a result of government policies, natural disasters, terrorism, and public health issues, are just a few examples of risks and uncertainties.
about apple
When Apple released the Macintosh in 1984, it completely changed the landscape of personal technology. With the iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro, Apple is currently the global leader in innovation. With revolutionary services like the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+, customers are empowered by Apple's six software platforms: iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. These platforms also offer a smooth experience across all Apple devices. The goal of Apple's more than 150,000 workers is to create the greatest products possible while also improving the planet for future generations.
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