Over on the financial side of things, Apple on Thursday posted its financial results for the third quarter of 2024, wherein the company cited revenue of $85.8 billion and net quarterly profit of $21.4 billion, compared to revenue of $81.8 billion and net quarterly profit of $19.9 billion, in the year-ago quarter.
Apple set new June quarter records for both revenue and earnings per share, while the Services category set an all-time revenue record. The iPad category also saw a notable increase in revenue thanks to the introduction of new iPad Pro and iPad Air models.
Gross margin for Q3 stood at 46.3 percent, compared to 44.5 percent in the year-ago quarter.
Apple CEO Tim Cook offered the following comments:
“Today Apple is reporting a new June quarter revenue record of $85.8 billion, up 5 percent from a year ago. During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of iPhone, iPad, and Mac. We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work.”
As has been the case for over four years now, Apple is once again not issuing guidance for the current quarter ending in September.
Stay tuned for additional details as they become available.