{"id":268620,"date":"2024-05-02T21:20:54","date_gmt":"2024-05-03T04:20:54","guid":{"rendered":"https:\/\/siliconeer.com\/current\/?p=268620"},"modified":"2024-05-02T21:21:25","modified_gmt":"2024-05-03T04:21:25","slug":"apple-reports-second-quarter-results","status":"publish","type":"post","link":"https:\/\/siliconeer.com\/current\/apple-reports-second-quarter-results\/","title":{"rendered":"Apple Reports Second Quarter Results"},"content":{"rendered":"<ul>\n<li>Services revenue reaches new all-time record<\/li>\n<li>EPS sets March quarter record<\/li>\n<\/ul>\n<div class=\"pagebody-copy\">Apple, May 2, announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.<\/div>\n<div class=\"pagebody-copy\">\u201cToday Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services,\u201d said Tim Cook, Apple\u2019s CEO. \u201cDuring the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks. We\u2019re also looking forward to an exciting product announcement next week and an incredible Worldwide Developers Conference next month. As always, we are focused on providing the very best products and services for our customers, and doing so while living up to the core values that drive us.\u201d<\/div>\n<div class=\"pagebody-copy\">\u201cThanks to very high levels of customer satisfaction and loyalty, our active installed base of devices has reached a new all-time high across all products and all geographic segments, and our business performance drove a new EPS record for the March quarter,\u201d said Luca Maestri, Apple\u2019s CFO. \u201cGiven our confidence in Apple\u2019s future and the value we see in our stock, our Board has authorized an additional $110 billion for share repurchases. We are also raising our quarterly dividend for the twelfth year in a row.\u201d<\/div>\n<div class=\"pagebody-copy\">Apple\u2019s board of directors has declared a cash dividend of $0.25 per share of the Company\u2019s common stock, an increase of 4 percent. The dividend is payable on May 16, 2024 to shareholders of record as of the close of business on May 13, 2024. The board of directors has also authorized an additional program to repurchase up to $110 billion of the Company\u2019s common stock.<\/div>\n<div class=\"pagebody-copy\">Apple will provide live streaming of its Q2 2024 financial results conference call beginning at 2:00 p.m. PT on May 2, 2024 at <a href=\"https:\/\/apple.com\/investor\/earnings-call\/\" target=\"_blank\" rel=\"noopener nofollow\">apple.com\/investor\/earnings-call<\/a>. The webcast will be available for replay for approximately two weeks thereafter.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Services revenue reaches new all-time record EPS sets March quarter record Apple, May 2, announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53. \u201cToday Apple is reporting revenue of&#8230;<\/p>\n<div class=\"read-more-link\"><a href=\"https:\/\/siliconeer.com\/current\/apple-reports-second-quarter-results\/\">Read More<\/a><\/div>\n","protected":false},"author":1,"featured_media":268598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,9,2320],"tags":[755,63558],"class_list":["post-268620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-topics","category-business-and-tech","category-finance","tag-apple","tag-second-quarter-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/posts\/268620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/comments?post=268620"}],"version-history":[{"count":0,"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/posts\/268620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/media\/268598"}],"wp:attachment":[{"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/media?parent=268620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/categories?post=268620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/siliconeer.com\/current\/wp-json\/wp\/v2\/tags?post=268620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}