Apple Revenues Slip 4% to $90.75 Billion on Weaker Device Sales

Weaker device sales of iPhone and other products drove down Apple’s revenues and income in is fiscal second quarter of 2024, despite the company recording all-time high revenues of $23.87 billion in its Services division.

Net income: Fell 2% to $23.64 billion, or $1.53 per share. Analysts surveyed by Zacks Investment Research were expecting $1.51 per share.

Revenues: Fell 4% to $90.75 billion from $94.84 billion. That exceeded sales of $89.99 billion expected by analysts surveyed by Zacks Investment Research.

Services Revenue: $23.87 billion, up 14% from the previous-year quarter.

Apple’s shares were up almost 7% in after-market trading.

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