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Apple | 8-K: Apple Reports Second Quarter Results

SEC announcement ·  May 2 16:37
Summary by Moomoo AI
On May 2, 2024, Apple Inc. released its financial results for the second fiscal quarter ending March 30, 2024. The tech giant reported a quarterly revenue of $90.8 billion, a decrease of 4% from the previous year, and earnings per share (EPS) of $1.53, setting a new record for the March quarter. Apple's CEO, Tim Cook, highlighted the all-time revenue record in Services and the launch of Apple Vision Pro. The company is also anticipating an exciting product announcement and the Worldwide Developers Conference in the coming months. Apple's CFO, Luca Maestri, announced that due to high customer satisfaction and loyalty, the active installed base of devices reached a new all-time high across all products and geographic segments. In light of the company...Show More
On May 2, 2024, Apple Inc. released its financial results for the second fiscal quarter ending March 30, 2024. The tech giant reported a quarterly revenue of $90.8 billion, a decrease of 4% from the previous year, and earnings per share (EPS) of $1.53, setting a new record for the March quarter. Apple's CEO, Tim Cook, highlighted the all-time revenue record in Services and the launch of Apple Vision Pro. The company is also anticipating an exciting product announcement and the Worldwide Developers Conference in the coming months. Apple's CFO, Luca Maestri, announced that due to high customer satisfaction and loyalty, the active installed base of devices reached a new all-time high across all products and geographic segments. In light of the company's confidence in its future, the board has authorized an additional $110 billion for share repurchases and announced a 4% increase in the quarterly dividend to $0.25 per share, marking the twelfth consecutive year of dividend increases. The dividend will be payable on May 16, 2024, to shareholders of record as of May 13, 2024. Additionally, Apple will be live streaming its Q2 2024 financial results conference call on May 2, 2024.

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