Apple to make $14.7 billion in profit in Q3/2024

Accordingly, compared to the third quarter of 2023, Apple's revenue increased by 6% (from 89.5 billion USD to 94.9 billion USD) but profit decreased (from 23 billion USD to 14.7 billion USD).

Apple to make $14.7 billion in profit in Q3/2024

The reason for the increase in revenue but the decrease in profit is understood to be due to Apple being affected by a one-time charge of $10.2 billion due to tax issues in the European Union. Without the one-time charge, the company's profit would have increased 12% compared to the same period last year.

Gross profit margin for the quarter was 46.2%, up from the same quarter last year (45.2%).

Apple CEO Tim Cook said: This quarter, Apple is excited to announce the best products: the all-new iPhone 16 lineup, Apple Watch Series 10, AirPods 4 with remarkable health features and sleep apnea detection. In addition, the company just released the first set of features for Apple Intelligence, setting a new standard for privacy in AI and strongly promoting the company's product line towards the holiday season.

The 2024 fiscal year results show revenue of $391 billion and net profit of $93.7 billion, compared to revenue of $383.3 billion and net profit of $97 billion in fiscal year 2023.

Source: https://kinhtedothi.vn/apple-dat-loi-nhuan-14-7-ty-usd-trong-quy-iii-2024.html