Apple (AAPL) Revenue — Quarter Ended Mar 30, 2024
Revenue declined for the quarter, driven by a sharp sequential drop from the prior quarter and a smaller decrease compared to the same period last year.
Key takeaway
Quarter ended Mar 30, 2024 · FY2024 Q2
Revenue declined for the quarter, driven by a sharp sequential drop from the prior quarter and a smaller decrease compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$90.8B
Revenue reported for this quarter.
Quarter-over-quarter
-24.1%
Change from the immediately preceding quarter.
Year-over-year
-4.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$381.6B
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 |
|---|---|---|
| Jul 1, 2023 | $81.8B | -1.4% |
| Sep 30, 2023 | $89.5B | -0.7% |
| Dec 30, 2023 | $119.6B | +2.1% |
| Mar 30, 2024 | $90.8B | -4.3% |
Revenue performance
The company reported lower revenue against both the immediately preceding quarter and the year-ago quarter, reflecting a weaker performance in the current period.
Quarterly comparison
Compared with the prior quarter, revenue fell sharply, while the year-over-year decline was more moderate. The previous quarter had benefited from seasonal strength.
What to watch
The company’s manufacturing purchase obligations remained substantial, which could influence future cost structures.