Apple's Fiscal Triumph

Apple Inc. has proudly announced a 4% increase in its first quarter revenue for fiscal 2025, reaching an unprecedented $124.3 billion. This remarkable achievement is largely attributed to the surge in product sales, which soared to $97.9 billion, showcasing a significant growth compared to the previous year.

Financial Highlights

The tech giant also reported a net income of $36.3 billion, translating to $2.40 per diluted share for the quarter ending December 28. While iPhone sales experienced a slight dip to $69.1 billion from $69.7 billion in the same period last year, Apple's services revenue witnessed a substantial rise, climbing from $23.1 billion to $26.3 billion.

Dividends and Market Performance

In a move that delighted shareholders, Apple declared a cash dividend of $0.25 per share, scheduled for payment on February 13, 2025. The company observed an uptick in sales across the US and Europe, with figures reaching $52.6 billion and $33.8 billion, respectively. However, the Chinese market saw a decline, with sales dropping from $20.8 billion to $18.5 billion.

CEO Tim Cook highlighted the expansion of Apple Intelligence's language capabilities, set to be available in more languages by April. Despite the impressive earnings report, Apple's shares remained steady in premarket trading in New York.