Apple Corporation released its financial report for the third quarter of 2024, which ended on June 29. The document shows a solid result for the quarter, with revenue rising 5 percent year over year to 85.8 billion dollars and net income at 21.4 billion dollars. In the same quarter a year earlier, revenue stood at 81.8 billion dollars while net profit was 19.9 billion dollars.
Breaking down the product mix, iPhone revenue declined by 1 percent to 39.3 billion dollars. Mac revenue increased by 2 percent, reaching 7.0 billion dollars. iPad sales surged 20 percent year over year to 7.1 billion dollars, aided by the May 2024 product introductions that boosted demand for the latest models.
Revenue from AirPods, Apple Watch, and other accessories totaled 8.1 billion dollars, slightly down from 8.3 billion dollars in the prior year period. Services revenue, including Apple Music and Apple TV+, grew to 24.2 billion dollars from 21.2 billion dollars, underscoring the company’s ongoing emphasis on services as a core growth driver.
The company noted a broad increase in active devices across all regions, though it did not disclose precise counts. In February 2024, Apple had reported 2.2 billion active devices worldwide, a figure expected to have grown since then as the installed base expands in the Americas, Europe, and Asia-Pacific regions.
In related market news, reports earlier noted a price adjustment for the flagship iPhone 15 Pro in Russia, with a substantial decline observed in the local listing. This external factor reflects currency dynamics and regional pricing strategies that can influence regional demand but does not alter the company’s core quarterly performance data.