"We achieved revenue records across more than two dozen countries and regions including all-time records in Europe and rest of Asia-Pacific." - Tim Cook
— Tim Cook
03Detailed Report
AAPL
Apple Inc
Period
Q1 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 15, 2026
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Executive Summary
In the first quarter of FY2024, Apple Inc (AAPL) reported revenue of $119.6 billion, demonstrating a modest 2% year-over-year growth despite one less week in the quarter compared to last year. Earnings per share (EPS) reached an all-time record of $2.18, marking a significant year-over-year increase of 16%. This growth continues to be driven primarily by strong performance across the iPhone and Services segments, which achieved best-ever revenue records. The launch of new products, particularly the iPhone 15 and the anticipated Apple Vision Pro, have set the stage for sustained growth. However, challenges in specific markets, such as China, and the recent softening of macroeconomic conditions highlight areas of concern for investors.