Apple's Financial Triumph in Q1 2025

Apple Inc. has proudly announced a remarkable 4% increase in its first-quarter fiscal 2025 revenue, reaching an unprecedented $124.3 billion. This milestone, declared as the company's "best quarter ever," was largely fueled by a significant boost in product sales, which soared to $97.9 billion, up from the previous year's figures.

Breaking Down the Numbers

Net income for the quarter ending December 28 saw a rise to $36.3 billion, equating to $2.40 per diluted share. 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 notable jump from $23.1 billion to $26.3 billion.

Dividends and Market Performance

In addition to its financial achievements, Apple declared a cash dividend of $0.25 per share of the company's common stock, scheduled for payment on February 13, 2025. While the company enjoyed increased sales in the US and Europe, reaching $52.6 billion and $33.8 billion respectively, it faced a downturn in China, with sales dropping to $18.5 billion from $20.8 billion.

Apple's CEO, Tim Cook, highlighted the expansion of Apple Intelligence, set to be available in more languages by April. Despite these announcements, Apple's shares remained steady in premarket trading in New York following the report's release.