FAQs
CUPERTINO, CALIFORNIA Apple today 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.
What is Apple's earnings for q2 2024? ›
Today, Apple is reporting revenue of $90.8 billion and an EPS record of $1.53 for the March quarter. We set revenue records in more than a dozen countries and regions.
Did Apple beat earnings? ›
The company beat on sales and earnings per share, and did better than expected in China. Apple announced a $110 billion stock buyback — its biggest ever.
What is Apple total liabilities for 2024? ›
Apple total liabilities for the quarter ending March 31, 2024 were $263.217B, a 2.51% decline year-over-year. Apple total liabilities for 2023 were $290.437B, a 3.86% decline from 2022.
What is Apple's financial position? ›
Apple Financial Overview
Apple's market cap is currently ―. The company's EPS TTM is $6.43; its P/E ratio is 30.46; and it has a dividend yield of 0.49%. Apple is scheduled to report earnings on July 24, 2024, and the estimated EPS forecast is $1.33.
Will Apple increase its dividend in 2024? ›
We are also raising our quarterly dividend for the twelfth year in a row.” Apple's board of directors has declared a cash dividend of $0.25 per share of the Company's 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.
What is the Apple stock price prediction for 2024? ›
Apple Sales & Earnings Forecast
For fiscal Q3, Wall Street analysts predict revenue of $77.94 billion and quarterly earnings per share of $1.23. For all of 2024, Wall Street analysts forecast revenue of $359.67 billion and earnings per share of $6.13.
Is Apple stock going higher? ›
The average price target for Apple is $207.72. This is based on 34 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $275.00 ,the lowest forecast is $164.00. The average price target represents 6.16% Increase from the current price of $195.67.
Is Apple doing well financially? ›
Apple's services revenue comes in blazing
Apple's services business raked in $23.9 billion in revenue for the March quarter, up 12.4% from a year earlier. That compared with the $23.1 billion FactSet consensus view. It was also an all-time record for the services category.
Is Apple doing a stock buyback? ›
Apple Inc., maker of iPhones and Mac computers, has just announced plans to spend a whopping $110 billion to buy back shares of its own stock from the investors who own them.
Total debt on the balance sheet as of March 2024 : $104.59 B
According to Apple's latest financial reports the company's total debt is $104.59 B. A company's total debt is the sum of all current and non-current debts.
How much does Apple have in cash? ›
Cash on Hand as of March 2024 : $67.15 B
According to Apple's latest financial reports the company has $67.15 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.
Is the Apple company profitable? ›
Apple was by far the most profitable American company in 2022, with its $99.8 billion in net income, about 38% higher than the next most profitable firm listed on the S&P 500, Microsoft.
What is Apple's second quarter earnings 2024? ›
Apple (NASDAQ:AAPL) Second Quarter 2024 Results
Net income: US$23.6b (down 2.2% from 2Q 2023). Profit margin: 26% (in line with 2Q 2023). EPS: US$1.53.
What is the financial projection for Apple? ›
Apple Stock Forecast
The 29 analysts with 12-month price forecasts for Apple stock have an average target of 207.03, with a low estimate of 164 and a high estimate of 275. The average target predicts an increase of 5.15% from the current stock price of 196.89.
Who owns Apple? ›
The ownership structure of Apple (AAPL) stock is a mix of institutional, retail and individual investors. Approximately 48.23% of the company's stock is owned by Institutional Investors, 0.11% is owned by Insiders and 51.66% is owned by Public Companies and Individual Investors.
What is the earnings forecast for AAPL? ›
AAPL Earnings Forecast
Next quarter's earnings estimate for AAPL is $1.33 with a range of $1.27 to $1.40. The previous quarter's EPS was $1.53. AAPL beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 66.94% of the time in the same period.
What is Apple's revenue projection for 2025? ›
2025 will also mark the year when services revenue crosses the $100-billion-per-year mark for the first time. Further, the company should breach the $400-billion revenue mark for the first time in 2024, supported by the growth of its hardware and services segments.
Should I buy Apple ahead of earnings? ›
Should You Buy AAPL Stock Ahead of Earnings? Ahead of Apple's fiscal Q2 earnings, Bernstein upgraded the stock from “market perform” to “outperform.” The brokerage believes the fall in Apple stock is overdone, and advised buying the dip even as it kept its target price unchanged at $195.
How much will Apple increase its dividend? ›
Buffett, the CEO of Berkshire Hathaway, famously loves stocks that pay dividends to shareholders and therefore probably liked Apple Inc.'s (AAPL) announcement last week it will increase its cash dividend by 4%, to 25 cents a share.
