Apple's Stellar Q1 2025 Performance

Apple Inc. has once again set the bar high, announcing a remarkable 4% increase in revenue, reaching an unprecedented $124.3 billion in the first quarter of fiscal 2025. This achievement marks the company's "best quarter ever," primarily fueled by product sales that soared to $97.9 billion, showcasing a significant uptick from the previous year.

Financial Highlights and Product Sales

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

Dividend Declaration and Regional Sales Insights

In a move that delights 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 decrease in China sales from $20.8 billion to $18.5 billion. Apple's CEO Tim Cook shared exciting news, stating that "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.