Apple: EPS up 11% in Q3

(CercleFinance.com) - Apple reported Thursday evening an 11% increase in EPS to $1.
40 for its third fiscal quarter, on sales up 5% to $85.8 billion, with a new all-time high for its services revenues.

'During the quarter, we announced incredible updates to our software platforms, including Apple Intelligence, which puts powerful, private generative AI models at the heart of the iPhone, iPad and Mac', emphasizes CEO Tim Cook.

Our installed base of active devices reached a new all-time high in all geographic segments, thanks to very high levels of customer satisfaction and loyalty", points out CFO Luca Maestri.

The technology company generated operating cash flow of almost $29 billion and returned more than $32 billion to shareholders in the quarter. In addition, a dividend of $0.25 per share will be payable on August 15.

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