Apple revenues rise 5% to ‘record’ $85.8bn in Q3
‘During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference,’ CEO Tim Cook said
Apple has reported that revenues rose by 5% year-over-year to a “record” $85.8bn (£67.3bn) in the third quarter ended 29 June.
Quarterly earnings per diluted share also hit $1.40 (£1.10), showing an 11% year-on-year rise.
Tim Cook, CEO of Apple, said: “During the quarter, we were excited to announce incredible updates to our software platforms at our Worldwide Developers Conference, including Apple Intelligence, a breakthrough personal intelligence system that puts powerful, private generative AI models at the core of iPhone, iPad, and Mac.
“We very much look forward to sharing these tools with our users, and we continue to invest significantly in the innovations that will enrich our customers’ lives, while leading with the values that drive our work.”
Luca Maestri, CFO of Apple, added: “During the quarter, our record business performance generated EPS growth of 11% and nearly $29bn (£22.7bn) in operating cash flow, allowing us to return over $32bn (£25.1bn) to shareholders.
“We are also very pleased that our installed base of active devices reached a new all-time high in all geographic segments, thanks to very high levels of customer satisfaction and loyalty.”
Due to the group’s performance, Apple’s board of directors has declared a cash dividend of $0.25 (£0.20) per share of its common stock.
The dividend will be payable on 15 August 15 to shareholders of record, as of the close of business on 12 August.
