As a seasoned gamer with a knack for tech stocks, I must say, Apple’s Q3 2024 earnings report has been a rollercoaster ride! The $85.8 billion revenue and an EPS of $1.40 surpassing expectations is definitely something to cheer about. However, the post-earnings stock dip and subsequent recovery had me on the edge of my gaming chair!
In simple terms, Apple’s (AAPL) earnings report for the third quarter of their fiscal year exceeded expectations in both profit and sales. Yet, the company’s shares experienced varied performance during after-market trading.
In the gaming world, I’d say: “Just crushed it this quarter! According to my latest earnings report (Q3 2024), we raked in an impressive $85.8 billion – even surpassing our anticipated $84.5 billion haul! And get this, folks, we smashed expectations with an EPS of $1.40 instead of the predicted $1.35. Game on!”
Today, Apple’s CEO Tim Cook announced that the tech giant has set a new revenue record for the June quarter, amounting to $85.8 billion, which represents a 5% increase compared to the same period last year. During this time, we unveiled remarkable updates to our software platforms at our Worldwide Developers Conference. Among these updates was Apple Intelligence, an innovative personal intelligence system that integrates advanced AI models for iPhone, iPad, and Mac users. We’re eager to make these tools available to our users, and we remain committed to advancing technologies that improve the quality of life for our customers, always upholding the principles that guide our work.
In post-market transactions, Apple’s stock dipped to $216 but subsequently rebounded to $220.83 before stabilizing at that point. For the latest updates on finance and economics, check out Shacknews for comprehensive coverage.
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2024-08-02 00:27