Apple Q1 2024 results are in, and the company delivered strong performance for the December quarter. Apple posted $119.6 billion in revenue, up 2% year over year, and a record earnings per diluted share of $2.18, marking a 16% increase from the same quarter in 2023.

The report also noted a cash dividend of $0.24 per share, payable on February 15, 2024, to shareholders of record as of February 12.

Due to fiscal calendar differences, Apple’s Q1 2024 included 13 weeks, compared to 14 weeks in Q1 2023.

Highlights from Apple’s Q1 2024 Results

Commenting on the Apple Q1 2024 performance, CEO Tim Cook said:
“Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services. We’re also proud to share that our installed base of active devices has surpassed 2.2 billion, reaching all-time highs across all product lines and regions. As customers begin to experience the incredible Apple Vision Protomorrow, our commitment to innovation remains stronger than ever.”

CFO Luca Maestri noted the company’s continued profitability and shareholder returns:
“Our December quarter performance, along with margin expansion, drove an all-time record EPS of $2.18, up 16% year over year. We generated nearly $40 billion in operating cash flow, and returned almost $27 billion to shareholders. We’re making meaningful investments to support long-term growth and stay confident in our outlook.”

With strong iPhone momentum, a Services revenue record, and continued investment in future platforms like Vision Pro, the Apple Q1 2024 results reflect the company’s sustained growth and innovation leadership.