Apple reported fiscal first-quarter 2024 results, covering the fourth calendar quarter of 2023. Revenue was $119.6 billion, approximately CNY 858.728 billion at the quoted exchange rate, up 2% year over year. Diluted earnings per share were $2.18, up 16%.

Greater China revenue for the quarter was $20.8 billion, approximately CNY 149.344 billion at the quoted exchange rate, down 13% from $23.9 billion a year earlier.

The CEO of Apple, Tim Cook, said:

Apple announced revenue growth for its December quarter, driven by strong iPhone sales, while Services revenue reached an all-time high.

Apple said its installed base exceeded 2.2 billion active devices, setting records across products and geographic segments.

As customers begin using Vision Pro tomorrow, Apple said it would continue pursuing breakthrough innovation.

Apple’s 2.2 billion active devices set a new company record, up by 200 million in just one year. The previous figure, announced in January 2023, was 2 billion active devices worldwide.

Apple did not provide a breakdown for every device category, but it has confirmed more than 1 billion active iPhones worldwide. iPhone accounted for 58.3% of revenue in fiscal first-quarter 2024, underscoring its central role in Apple’s business.