Apple: EPS up 12% in Q4

(CercleFinance.com) - Apple reports non-GAAP EPS of $1.
64 for Q4 2023-24, up 12% excluding a non-recurring charge related to the impact of the annulment of the European Court's decision on state aid.

The technology giant saw its sales rise 6% to a record for this period of the year at $94.9bn, driven by the iPhone and with services revenues hitting a new all-time high.

During the quarter, we were delighted to announce our best products to date, with the all-new iPhone 16 range, the Apple Watch Series 10, AirPods 4 and remarkable healthcare features, says CEO Tim Cook.

Our record sales performance generated nearly $27bn in operating cash flow, enabling us to redistribute more than $29bn to our shareholders, its CFO, Luca Maestri said.


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