Apple's Financial Triumph in Q1 2025

Apple Inc. has proudly announced a 4% increase in its first quarter of fiscal 2025 revenue, reaching an unprecedented $124.3 billion. This milestone, described as the company's "best quarter ever," was largely driven by product sales, which soared to $97.9 billion, marking a significant rise from the previous year.

Net Income and Product Performance

The tech giant also reported a boost in net income, which climbed to $36.3 billion, or $2.40 per diluted share, for the three months 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 witnessed a remarkable jump from $23.1 billion to $26.3 billion.

Dividend Announcement and Market Performance

In addition to its financial achievements, Apple declared a cash dividend of $0.25 per share of its common stock, set to be payable on February 13, 2025. The report highlighted an increase in sales in the US and Europe, 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, shared exciting news in the report, stating, "Apple Intelligence will be available in even more languages this April." Following the report's release, Apple's shares remained steady in premarket trading in New York.