Apple Inc (AAPL-NASDAQ) recently released its financial results for the second quarter of 2024. The company generated total sales of $90.8 billion for the quarter. CEO Tim Cook said: “During the second quarter, we were thrilled to launch and introduce our Apple Vision Pro virtual 3D glasses to the world. We’re also looking forward to our Worldwide Developers Conference in August, where we’ll unveil our next product innovations.”
Apple Inc. will also introduce new releases and updates to its apps this fall, such as iOS 18 , iPadOS 18, macOS Sequoia , watchOS 11 , visionOS 2 and tvOS 18, among others. Updates include things like US national park hikes and custom walking routes in Apple Maps; the ability to pay with rewards and installments using Apple Pay, as well as new facilitation features in Apple Music and a redesigned Apple Fitness+ environment to help users make the most of their extensive exercise and meditation offerings.
Apple Inc. (AAPL-NASDAQ) is also currently developing a revolutionary technology, personal robotics for use in the home. Services such as the App Store, TV+ and Apple One packages also ultimately depend on the iPhone and other devices to function. Therefore, it is imperative that the company stays at the forefront of hardware innovation and keeps up with the competition in the AI space, and the new personal robotics industry will be a great boon. Apple Inc.’s business remains heavily dependent on iPhones, which account for more than half of its revenue.
Apple Inc (AAPL-NASDAQ) pays regular quarterly attractive dividends to its shareholders. The dividend yield is currently 0.43% p.a. The actual dividend amount has been approved by the company’s general meeting of shareholders at $0.25 per share. The average high estimate target price has been set by tipranks.com analysts for the short to medium term investment horizon at $275.00 per share.
