Apple announced its fiscal 2024 third-quarter results, ending June 29, reporting a quarterly revenue of $85.8 billion, a 5% year-over-year increase. CEO Tim Cook highlighted that the company achieved new revenue records in over two dozen countries, including India, Canada, Mexico, France, Germany, the UK, Indonesia, the Philippines, and Thailand.
CFO Luca Maestri noted an increase in Mac revenue, driven by strong performance in emerging markets such as Latin America, India, and South Asia, attributed to the M3-powered MacBook Air.
iPhone sales totaled $39.30 billion, down 0.94% year-over-year, a typical trend for Apple’s third quarter, especially with the upcoming iPhone 16 series launch in September.
Services revenue grew significantly, reaching $24.21 billion, marking a 14.14% year-over-year increase and an all-time revenue record.
