Apple Inc (AAPL) Q4 2024: Aapl

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Apple Inc

AAPL

$273.67 0.54%

Exchange: NASDAQ | Sector: Technology | Industry: Consumer Electronics

Q4 2024

Published: Nov 1, 2024

Earnings Highlights

Revenue of $94.93B up 6.1% year-over-year
EPS of $0.97 decreased by 34% from previous year
Gross margin of 46.2%
Net income of 14.74B
"'Apple Intelligence marks the beginning of a new chapter for Apple innovation and redefines privacy and AI by extending our groundbreaking approach to privacy into the cloud.' - Tim Cook, expressing optimism about the future impact of AI on Apple's product ecosystem." - Tim Cook

AAPL

Apple Inc

Period Q4 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 22, 2025

Executive Summary

In Q4 2024, Apple Inc reported revenue of $94.9 billion, marking a 6% increase from the previous year, driven by strong iPhone and Services performance. The iPhone segment set a new revenue record of $46.2 billion, underscoring Apple's resilient market presence and strategic focus on innovation. The Services segment also experienced significant growth, achieving an all-time record of $25 billion, reflecting increased engagement across Apple's ecosystem. Despite a notable income tax charge of $10.2 billion reducing net income to $14.736 billion, management expressed optimism about future revenue growth aided by new initiatives like Apple Intelligence. Upcoming product launches and strong ecosystem fundamentals position Apple favorably for the holiday season and beyond.

Key Performance Indicators

Revenue

Increasing

94.93B

QoQ: 10.67% | YoY: 6.07%

Gross Profit

Increasing

43.88B

46.22% margin

QoQ: 10.59% | YoY: 8.54%

Operating Income

Increasing

29.59B

QoQ: 16.72% | YoY: 9.72%

Net Income

Decreasing

14.74B

QoQ: -31.29% | YoY: -35.81%

EPS

Decreasing

0.97

QoQ: -30.71% | YoY: -34.01%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: $94.9 billion, +6.07% YoY, and +10.67% QoQ.
- Gross Profit: $43.879 billion, +8.54% YoY, +10.59% QoQ.
- Operating Income: $29.591 billion, +9.72% YoY, +16.72% QoQ.
- Net Income: $14.736 billion, -35.81% YoY, -31.29% QoQ after a one-time tax charge.
- EPS: $0.97, -34.01% YoY, -30.71% QoQ.
- Gross Margin: 46.2%, stable, indicative of strong operational efficiency.
- Operating Cash Flow: $26.811 billion, a record for September quarter.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	94.93B	6.07%	10.67%
Gross Profit	43.88B	8.54%	10.59%
Operating Income	29.59B	9.72%	16.72%
Net Income	14.74B	-35.81%	-31.29%
EPS	0.97	-34.01%	-30.71%

Key Financial Ratios

Gross Profit Margin

Good

46.20%

Gross profit margin is healthy and competitive within industry standards

Operating Profit Margin

Excellent

31.20%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Good

15.50%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Fair

4.04%

Return on assets is acceptable but below top-tier companies

Return on Equity

Strong

25.90%

Return on equity demonstrates excellent capital efficiency and value creation

Current Ratio

Concern

0.87

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.87

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

High Growth

58.63x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

High Premium

60.69x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	124,300.00	2.40	+4.0%	View
Q4 2024	94,930.00	0.97	+6.1%	View
Q3 2024	85,777.00	1.40	+4.9%	View
Q2 2024	90,753.00	1.53	-4.3%	View
Q1 2024	119,575.00	2.18	+2.1%	View

Apple Inc (AAPL) Q4 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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