Apple reported a net profit of $14.7 billion in the third quarter of this year. The result represents a 36% drop compared to the $22.9 billion recorded in the same period of 2023. The big tech released the results this Thursday (Oct 31, 2024).
iPhone sales also had a positive result: they grew 5.5% in the period, totaling US$ 46.22 billion compared to the US$ 43.8 billion recorded in the same period last year. On the other hand, revenue rose 6% in the quarter to $94.93 billion.
However, during the June quarter, iPhone sales fell by nearly 1% to close to $39.3 billion.
Macbook sales rose 1.7% to $7.74 billion, while iPad sales rose 7.9% to $6.95 billion. On the other hand, watch and accessory sales fell 3% to $9.04 billion.
However, the services sector experienced modest expansion. It increased to US$24.9 billion from July to September of this year from US$22.3 billion in the third quarter of 2023.
Additionally, the company announced in a statement that it will pay out dividends of US$0.25 per share. On November 14th, shareholders will receive their payment.
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