Apple recently announced financial results for the first quarter of fiscal year 2024, ending December 30, 2023. The company reported quarterly revenue of $119.6 billion, an increase of 2% year-over-year. Apple Inc (AAPL-NASDAQ) CEO Tim Cook said “Apple reported revenue growth for the December quarter, driven primarily by sales of new iPhones and record sales of services.” “We are pleased to announce that our active device base has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as customers begin to recognize the incredible Apple Vision Pro, we are as committed as ever to pursuing disruptive innovation – in line with our values and on behalf of our customers.” According to Forrester analyst Thomas Husson, investors are likely to have questions about Apple’s business and demand for its devices in China, where the company faces strong competition from Huawei and other Chinese brands. “A key element, for the next quarter, will be the sales of the new iPhone 15 during the holiday season and also the sales of Apple products in China.
Apple Inc. also announced that it has already started selling the revolutionary Vision Pro virtual glasses on its App Stores.This next generation computer is changing the way people work, collaborate, connect, make memories and have fun. Vision Pro connects digital content to the physical world through virtual glasses and opens up spatial experiences through VisionOS, controlled in the most natural and intuitive ways possible by the user’s eyes, hands and voice. This new headset from Apple, Vision Pro, is a new product category the company is entering since the launch of the Apple Watch in 2015. While iPhone sales are expected to be at their strongest, sales of this new Apple Vision Pro headset will be closely watched. According to Apple news site MacRumors, the company has already sold over 200,000 headsets.
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Apple Inc (AAPL-NASDAQ) pays regular quarterly attractive dividends to its shareholders. The dividend yield is currently 0.5% p.a. The actual dividend amount has been approved by the company’s shareholders at $0.24 per share. The average target price has been set by tipranks.com analysts for the short to medium term investment horizon at USD 208.07 per share.
