Apple’s revenue for the first quarter of 2024 amounted to $119.6 billion – Kommersant

Apple's revenue for the first quarter of 2024 amounted to $119.6 billion - Kommersant

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The American company Apple reported financial results for the first quarter of 2024. According to reporting company, its revenue amounted to about $119.6 billion (+2% compared to 2023). In addition, the company generated $40 billion in operating profit (OCF) and returned $27 billion to shareholders.

Apple’s board of directors also announced a dividend payment of $0.24 per share. “Our December quarter revenue, coupled with improved profitability, resulted in record earnings per share of $2.18, up 16% year-over-year,” told Apple CFO Luca Maestri.

The report also said first-quarter earnings were helped by iPhone sales and record service revenues. According to Bloomberg estimates, the company’s revenue for the first quarter was $69.7 billion. The active device base, according to Apple, exceeded 2.2 billion, reaching a record level across all products and geographic segments.

Read more about Apple’s activities in Kommersant’s material. “Apple opens up a new reality”.

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