Globaltraded.com , California — Apple Inc. announced its financial results for the fiscal fourth quarter ending September 30, 2023. Despite challenges, the company demonstrated resilience with quarterly revenue reaching $89.5 billion, marking a marginal 1% decrease compared to the previous year.
However, there was a notable positive uptick in quarterly earnings per diluted share, rising by 13% to $1.46 year over year.
Tim Cook, Apple’s CEO, expressed satisfaction with the quarter’s performance, highlighting record revenues for the iPhone and all-time highs in Services.
Cook emphasized the strength of their product lineup, including the recently launched iPhone 15 series and the introduction of the first carbon-neutral Apple Watch models. The latter represents a significant step toward Apple’s commitment to achieving carbon neutrality for all its products by 2030.
Luca Maestri, Apple’s CFO, underlined the company’s accomplishment of reaching an all-time high in the active installed base of devices across all product categories and geographic segments. This success is attributed to the robust Apple ecosystem and unwavering customer loyalty.
Maestri further highlighted the double-digit growth in earnings per share (EPS) during the September quarter and the return of nearly $25 billion to shareholders. Apple continues to balance shareholder returns with strategic investments for sustained long-term growth.
In a move welcomed by investors, Apple’s board of directors declared a cash dividend of $0.24 per share of common stock. The dividend is scheduled for payment on November 16, 2023, to shareholders of record as of November 13, 2023. Apple remains optimistic as it heads into the holiday season with confidence in its product lineup and commitment to environmental sustainability. (GT)