Apple announced financial results for the first quarter of fiscal 2024, ending December 30, 2023. The company reported that its quarterly revenue was $119.6 billion, an increase of 2 percent compared to last year, and its quarterly earnings per share were $2.18, an increase of 16 percent compared to last year.

“Apple today reported December quarter revenue growth, driven by record revenue from iPhone sales and services,” said Apple CEO Tim Cook. “We are pleased to announce that our installed base of active devices now exceeds 2.2 billion, reaching an all-time high across all products and geographies. “As customers begin to experience the incredible Apple Vision Pro tomorrow, we are more committed than ever to pursuing breakthrough innovation in line with our values ​​and on behalf of our customers.”

“Our December earnings performance, combined with improved profitability, resulted in record earnings of $2.18 per share, representing a 16% increase over the prior year,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated operating cash flow of approximately $40 billion and returned approximately $27 billion to our shareholders. “We are confident in our future and continue to make significant investments in our business to support our long-term growth plans.”

Apple’s board of directors announced that the company will distribute a cash dividend of $0.24 per share of common stock. The dividend will be paid on February 15, 2024, to shareholders of record as of the close of business on February 12, 2024.

According to the Company’s fiscal calendar, the first quarter of the Company’s fiscal 2024 was 13 weeks long and the first quarter of fiscal 2023 was 14 weeks long.