Apple (AAPL) Revenue — Quarter Ended Dec 30, 2023
Revenue increased sequentially and year-over-year, driven by strong holiday-quarter demand. Services segment outperformed products, contributing to margin expansion.
Key takeaway
Quarter ended Dec 30, 2023 · FY2024 Q1
Revenue increased sequentially and year-over-year, driven by strong holiday-quarter demand. Services segment outperformed products, contributing to margin expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$119.6B
Revenue reported for this quarter.
Quarter-over-quarter
+33.6%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$385.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Apr 1, 2023 | $94.8B | -2.5% |
| Jul 1, 2023 | $81.8B | -1.4% |
| Sep 30, 2023 | $89.5B | -0.7% |
| Dec 30, 2023 | $119.6B | +2.1% |
Revenue performance
Reported revenue rose from both the preceding quarter and the same quarter last year, reaching a high level.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew sharply, reflecting typical seasonal strength. Versus the same quarter one year earlier, revenue posted a modest gain.
What to watch
The sequential revenue jump may moderate in the next quarter as seasonal tailwinds fade.