Apple’s earnings this quarter include a one-time income tax charge after it was ordered to pay a 13 billion euro tax debt to the Irish government. This figure corresponds to 10.2 billion dollars. Taking these into account, Apple reported net income of $14.74 billion for the quarter. The company also reported earnings per share of $0.97 for Q4 2024, but excluding this one-time charge, earnings per share are $1.64. So, what about iPhone sales?Revenue from iPhones is 46.22 billion dollars!
The iPhone is still Apple’s most important product, accounting for approximately 49% of the company’s total sales. iPhone sales increased 5.5% year over year, and the company’s revenue from the phone alone is $46.22 billion. Tim Cook said, “iPhone 15 sales were better than 14 in the same quarter the previous year. Now iPhone 16 is selling better than 15.” he said. Regarding Apple Intelligence, Cook said that he was looking forward to Apple Intelligence, the artificial intelligence system for iPhones and Macs, and stated that they received great feedback from users and developers and that iOS 18.1 was adopted twice as fast as iOS 17.1.
Apple reports revenue distribution by product category, not unit sales, for its products. Here are Apple’s 2024 fourth quarter earnings:
- Total revenue: $94.93 billion (6% annual increase)
- iPhone: $46.22 billion (5.5% annual increase)
- Mac: $7.74 billion (1.71% annual increase)
- iPad: $6.95 billion (7.87% annual increase)
- Wearables, Home and Accessories: $9.04 billion (3% annual decline)
- Services: $24.97 billion (11.91% annual increase)
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