Apple's Q4 Revenue Up 2% YoY... Escaping Negative Growth

by Oh Suyon

Published 02 Feb.2024 07:24(KST)

Apple announced on the 1st (local time) that its sales in the fourth quarter of last year increased by 2% year-on-year to $119.6 billion. This marked the end of negative growth after five quarters and exceeded market expectations.

[Image source=Yonhap News]

Earnings per share (EPS) rose 16% year-on-year to $2.18, surpassing the forecast of $2.10.

Additionally, Apple's board of directors announced a cash dividend of $0.24 per share on the same day. The dividend will be paid on the 15th, based on the close of business on the 12th.

Meanwhile, performance in China declined. Total sales in China fell 13% from $23.9 billion to $20.8 billion.