Apple Inc. Announces Best Quarter Ever

Apple Inc. has reported a groundbreaking 4% increase in revenue to $124.3 billion for the first quarter of fiscal 2025, setting a new record for the company. This remarkable achievement was largely driven by product sales, which soared to $97.9 billion, up from the previous year.

Financial Highlights

The tech giant also revealed a net income of $36.3 billion, or $2.40 per diluted share, for the quarter ending December 28. Despite a slight dip in iPhone sales to $69.1 billion, Apple's services sector saw a significant boost, climbing from $23.1 billion to $26.3 billion.

Dividend Declaration and Regional Sales

Apple announced a cash dividend of $0.25 per share, payable on February 13, 2025. The company experienced growth in US and European markets, with sales reaching $52.6 billion and $33.8 billion, respectively. However, sales in China fell to $18.5 billion from $20.8 billion. CEO Tim Cook highlighted the expansion of Apple Intelligence to more languages starting April.

Market Reaction

Following the report, Apple's shares remained steady in premarket trading in New York.