People try new Apple products after their launch in Cupertino, California, the United States, Sept. 12, 2023. (Xinhua/Wu Xiaoling)
International sales accounted for 58 percent of the company's quarterly revenue, while Apple's net sales in the Greater China region decreased to 20.8 billion dollars from 23.9 billion dollars a year ago.
SAN FRANCISCO, Feb. 1 (Xinhua) -- Apple on Thursday announced the financial results for its fiscal 2024 first quarter ending Dec. 31, 2023, with a quarterly revenue of 119.6 billion U.S. dollars, up 2 percent year over year.
The company posted its quarterly earnings per diluted share of 2.18 dollars, up 16 percent year over year. Its net income was 33.9 billion dollars, up from 30.0 billion dollars a year ago.
Sales of iPhone amounted to 69.7 billion dollars from 65.8 billion dollars a year ago, and its sales of Wearables, Home and Accessories products decreased to 12.0 billion dollars from 13.5 billion dollars a year ago.
The company's services revenue rose to 23.1 billion dollars from 20.8 billion dollars a year ago.
International sales accounted for 58 percent of the company's quarterly revenue, while Apple's net sales in the Greater China region decreased to 20.8 billion dollars from 23.9 billion dollars a year ago, according to Apple's financial statement.
"Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services," said Tim Cook, Apple's CEO. "We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments."
"Our December quarter top-line performance combined with margin expansion drove an all-time record EPS of 2.18 dollars, up 16 percent from last year," said Luca Maestri, Apple's CFO. "During the quarter, we generated nearly 40 billion dollars of operating cash flow, and returned almost 27 billion dollars to our shareholders. We are confident in our future, and continue to make significant investments across our business to support our long-term growth plans."
Apple's board of directors has declared a cash dividend of 0.24 dollars per share of the company's common stock. The dividend is payable on Feb. 15, 2024 to shareholders of record as of the close of business on Feb. 12, 2024. ■
