Apple Inc. Announces Historic Q1 2025 Earnings

In an unprecedented achievement, Apple Inc. has reported a 4% increase in revenue, reaching a staggering $124.3 billion in the first quarter of fiscal 2025. This milestone marks the company's "best quarter ever," primarily fueled by product sales that soared to $97.9 billion.

Breaking Down the Numbers

Net income for the quarter ending December 28 saw a significant rise to $36.3 billion, translating to $2.40 per diluted share. Despite a slight dip in iPhone sales to $69.1 billion, down from $69.7 billion in the previous year, Apple's services revenue experienced a notable increase, jumping from $23.1 billion to $26.3 billion.

Dividends and Regional Sales Insights

Apple has declared a cash dividend of $0.25 per share, payable on February 13, 2025. The company observed growth in US and European markets, with sales climbing to $52.6 billion and $33.8 billion, respectively. Conversely, sales in China saw a decline from $20.8 billion to $18.5 billion. Apple CEO Tim Cook highlighted the expansion of Apple Intelligence to more languages starting April.

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