Apple’s Q424 results: $95B revenue–with a twist
Apple reported its financial results on Thursday for its fourth fiscal quarter, which ended on September 28. Revenue was $94.9 billion, up six percent versus the year-ago quarter and an all-time fourth quarter record.
The one twist: Apple recognized a one-time charge of $10.2 billion related to Apple finally having lost a long-time tax case in the European Union. That’s a lot of cash, and it bit into Apple’s profit for the quarter.
All in all, Apple’s business was relatively flat. iPhone sales were up 6% but flat for the fiscal year; Mac sales were up 2%, which is about how they’ve been all year; Services continues to have reliable double-digit growth, but the rate of growth slowed to 12% year-over-year.
After the results, Apple did its traditional call with financial analysts and we’ve got a complete transcript. And now, here are the charts:
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