Apple Q2 2024 Earnings

In the second quarter of the 2024 financial year, Apple Stock (AAPL) released its financial results, revealing insights into its performance. The quarter, ending on March 30, 2024, saw the company’s revenue at $90.8 billion, marking a 4% decrease compared to the previous year. The diluted earnings per share stood at $1.53.

Record Service Revenue Amidst Growth Slowdown

Despite a noticeable growth slowdown, Apple achieved a record-high service revenue during the quarter. The introduction of Apple Vision Pro and the demonstration of spatial computing’s potential highlighted the company’s innovative strides.

Surpassing Device Sales Records

Apple reached record-high device sales across all products and geographic segments. Business metrics in March hit a new record for earnings per share. The Board of Directors approved an additional $110 billion for share buybacks and announced a 12th consecutive quarterly dividend increase.

Apple stock dividend increase

The Board of Directors of Apple declared a cash dividend of $0.25 per common share, reflecting a 4% increase.

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