Business

Apple Achieves Record Q1 2025 Revenue with $124.3 Billion, Driven by Robust Product Sales and Service Growth

Apple's Financial Triumph in Q1 2025

Apple Inc. has proudly announced a 4% surge in its first quarter fiscal 2025 revenue, reaching an all-time high of $124.3 billion. This remarkable achievement is attributed to the company's strong product sales, which amounted to $97.9 billion, showcasing a significant increase compared to the previous year.

Net Income and Product Performance

The tech giant also reported a rise in net income to $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 from $69.7 billion in the same quarter of 2023, Apple's services revenue saw a substantial growth, jumping from $23.1 billion to $26.3 billion.

Dividends and Regional Sales Insights

In addition to its financial achievements, Apple has declared a cash dividend of $0.25 per share, payable on February 13, 2025. The company experienced growth in US and European sales, reaching $52.6 billion and $33.8 billion, respectively. However, sales in China saw a decline from $20.8 billion to $18.5 billion. Apple's CEO, Tim Cook, highlighted the upcoming expansion of Apple Intelligence to more languages this April, signaling the company's commitment to global accessibility and innovation.

Following the report's release, Apple's shares remained steady in premarket trading in New York, reflecting the market's confidence in the company's continued success.