Apple today reports financial results for the second fiscal quarter of 2024 explained. The company had revenue of $94.8 billion in the previous quarter and net quarter earnings of $24.1 billion, compared with $1.52 per diluted share. It had revenue of $90.8 billion in the quarter and a net quarterly profit of $23.6 billion, or $1.53 per diluted share.
The gross profit margin, which was 44.3 percent in the previous quarter, was 46.6 percent in this quarter. Apple’s board also authorized another $110 billion in share buybacks and declared an increased dividend payout from $0.24 to $0.25 per share.
Apple CEO Tim Cook, in his statement while announcing the brand’s revenues, said, “This quarter, we are excited to launch Vision Pro and reveal spatial computing to the whole world.” “We were very excited to show the business potential,” he said.
