Apple Q3 2024 Earnings Summary $AAPL

Market Insights

Apple's Q3 2024 earnings report showcased a record-breaking revenue of $85.8 billion, a 5% year-over-year increase, with earnings per share hitting $1.40. CEO Tim Cook highlighted the robust growth in services, contributing $24.2 billion—a 14% jump—while introducing "Apple Intelligence," a revolutionary AI framework set to enhance user interaction across devices. Although iPhone revenue dipped slightly to $39.3 billion, customer satisfaction remains high, with the iPhone 15 lineup receiving accolades. Notably, iPad sales surged 24% to $7.2 billion, reflecting strong demand for the latest models. CFO Luca Maestri indicated continued growth despite potential foreign exchange challenges, forecasting year-over-year revenue growth in line with the June quarter. Tune in for expert insights on how Apple's commitment to innovation and customer satisfaction positions it for future success in a competitive landscape.