Reviewing Apple’s 4Q24: What Is Apple’s “Real” Growth Rate?
Hello everyone.
Welcome to a new week. Much of our focus this week will be given to reviewing Apple’s earnings. As we discussed last Friday, even though results were close to my estimates, there is value found in drilling down into some of the numbers and specific business lines.
In addition to picking apart Apple’s earnings conference call, we will try something a little bit different this earnings review cycle by addressing a few Apple questions that have generated buzz within financial circles. One such topic will drive today’s discussion: Apple’s growth rate.
Things are a bit crazy here in the U.S. with the presidential election taking place today. Depending on when a winner is called, we will interrupt our earnings review to go over my thoughts on potential Apple impacts.
Let’s jump in.
Reviewing Apple’s 4Q24: What Is Apple’s “Real” Growth Rate?
Last Thursday, Apple reported $94.9B of revenue for 4Q24. The figure represented 6.1% growth. My expectation was that Apple would slightly beat its guidance commentary (i.e. growth was said to be close to 4.9%).
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