Apple's Fiscal Triumph

Apple Inc. has proudly announced a 4% increase in its first quarter fiscal 2025 revenue, reaching a staggering $124.3 billion. This achievement marks the company's "best quarter ever," primarily fueled by product sales that soared to $97.9 billion, showcasing a significant leap from the previous year's figures.

Financial Highlights

The tech giant reported a net income of $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, the company witnessed a remarkable surge in Apple services revenue, climbing from $23.1 billion to $26.3 billion.

Dividend Declaration and Market Performance

In a move that delighted shareholders, Apple declared a cash dividend of $0.25 per share, payable on February 13, 2025. The report highlighted an increase in US and European sales to $52.6 billion and $33.8 billion, respectively, while noting a downturn in China sales from $20.8 billion to $18.5 billion. Apple's CEO, Tim Cook, shared exciting news about the expansion of Apple Intelligence's language availability this April. Despite these achievements, Apple's shares remained steady in premarket trading in New York following the report's release.