- Apple’s Q4 2024 revenue hits $124.3 billion, up 4% from last year.
- Services division records a record $25 billion in revenue.
- iPhone sales surge in India and AI advancements announced.
Apple’s Q4 2024 earnings revealed a 4% revenue growth, totaling $124.3 billion, though it fell slightly short of expectations. A standout achievement was the record $25 billion in revenue from the services division, which continues to play a vital role in Apple’s overall performance.
In his announcement, Tim Cook emphasized the company’s investments in Apple Intelligence, powered by Apple Silicon. This AI-driven innovation is set to enhance user experiences by making apps and services more personalized and intuitive.
Tim Cook Highlights Record Growth in Services and AI Innovation in Apple’s Latest Earnings Call
Apple’s Q4 2024 earnings showed a modest 4% increase in revenue, amounting to $124.3 billion, with earnings per share rising by 12% to $1.64. However, the tech giant’s overall growth didn’t fully meet analysts’ expectations. Despite this, Apple’s services division continued to thrive, hitting a record $25 billion in revenue, a key contributor to the company’s strong performance.
Tim Cook also highlighted the success of Apple’s expansion into artificial intelligence. With the help of Apple Silicon, Apple Intelligence is poised to revolutionize the user experience by making apps and services smarter, more personal, and more intuitive. This push for AI integration will further enhance Apple’s ecosystem of products and services.
Another major focus for Apple is the growing importance of the Indian market. iPhone sales surged in India, indicating a strong demand for Apple products in one of the world’s largest mobile markets. This growth aligns with the company’s broader strategy to increase its footprint in emerging markets, which could drive future revenue streams.
Looking ahead, Apple is preparing for the launch of the iPhone SE 4, generating excitement among fans. While the company remains tight-lipped about its official announcement, the anticipation surrounding the next budget-friendly iPhone model is growing, signaling Apple’s continued focus on offering high-quality devices at various price points.
Apple’s Q4 2024 results reflect both challenges and triumphs. The continued success of its services division and AI innovations suggest the company is strategically positioning itself for future growth.
“Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence.” – Tim Cook. This statement underscores Apple’s commitment to artificial intelligence,
