Apple (NASDAQ:AAPL) has reported its financial results for the fiscal second quarter ended March 30, 2024.
The tech giant announced a quarterly revenue of $90.8 billion, witnessing a decrease of 4% year over year, alongside quarterly earnings per diluted share of $1.53.
Despite the slight dip in overall revenue, Apple achieved an all-time revenue record in its Services sector.
Tim Cook, Apple's CEO, expressed enthusiasm about the recent launch of Apple Vision Pro, highlighting its potential in the realm of spatial computing.
Cook also teased an upcoming product announcement scheduled for next week and anticipated a dynamic Worldwide Developers Conference in the following month.
He emphasized Apple's commitment to delivering top-quality products and services aligned with the company's core values.
Reflecting confidence in Apple’s future prospects, the board of directors has approved an additional $110 billion for share repurchases and announced a 4% increase in the quarterly dividend to $0.25 per share, marking the twelfth consecutive year of dividend increases.