Apple’s record-breaking Q4: India drives growth as new stores, iPhone 16 boost revenue

Apple today announced its fiscal Q4 2024 earnings, marking impressive growth with a revenue of $94.9 billion, up 6 percent year-over-year, and quarterly diluted earnings per share of $0.97. Excluding a $10.2 billion payment related to a tax dispute in Ireland, adjusted earnings per share reached $1.64, an increase of 12 percent year-over-year.

CEO Tim Cook attributed this growth to the successful launch of the iPhone 16, Apple Watch Series 10, and AirPods 4, alongside the initial rollout of Apple Intelligence features, which are expected to further boost growth in the coming quarters.