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Apple's Q4 2024 Earnings Call Takeaways
Apple held its earnings call for the fourth fiscal quarter of 2024 today (third calendar quarter), announcing quarterly revenue of $94.9 billion,...
Revenue was up, but profit was down during the quarter because Apple had to make a one-time payment of $10.2 billion to settle tax issues in the European Union. In an interview with CNBC, Apple CEO Tim Cook said that iPhone 18.1 is encouraging customers to upgrade, and adoption rates are exceeding iOS 17.1 during the same time period last year. This is Apple's final earnings call with Maestri, who is stepping down from his role on January 1, 2025 to lead the Corporate Services teams.
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