Apple's Q4 2024 Earnings Call Takeaways

Quick Summary:

As for R&D, the level of intensity that Apple is putting into AI has "increased a lot," with some existing resources allocated to the new technology as well.iPhone Sales It's no surprise that ‌iPhone‌ sales were up during the quarter, as the ‌iPhone 16‌ models launched in September.‌iPhone‌ revenue was $46.2 billion, up from $43.8 billion in the year-ago quarter.

Apple held its earnings call for the fourth fiscal quarter of 2024 today (third calendar quarter), announcing quarterly revenue of $94.9 billion, up six percent year over year.

Wearables Apple's wearables revenue fell this quarter, coming in at $9 billion, down three percent from $9.3 billion last year.

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Author / Journalist: Juli Clover

Category: Technology

Markets: United States

Topics: IPad Apple IOS IPhone Mac Rumors

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 15:02:16 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: macrumors.com

Language: English

Article Length: 1446 words

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