Financial results:
Apple has announced its financial results for the first quarter of fiscal year 2025, ending December 28, 2024, reporting a record revenue of $124.3 billion, a 4% increase from the same period last year. The company’s diluted earnings per share also reached an all-time high of $2.40, marking a 10% year-over-year growth.
Key Financial Highlights:
• Total Revenue: $124.3 billion
• iPhone Revenue: $69.14 billion
• Mac Revenue: $8.99 billion
• iPad Revenue: $8.08 billion
• Wearables, Home, and Accessories Revenue: $11.75 billion
• Services Revenue: $26.34 billion
The Services segment, which includes offerings like the App Store, Apple Music, and iCloud, achieved a new all-time high in revenue, underscoring the company’s successful expansion beyond hardware into digital services.
Apple’s CEO, Tim Cook, attributed the strong performance to the company’s latest lineup of products and services introduced during the holiday season. He highlighted the impact of Apple silicon in enhancing user experiences through Apple Intelligence, which personalizes apps and services. Cook also announced plans to expand Apple Intelligence to more languages in April.
Kevan Parekh, Apple’s Chief Financial Officer, noted that the robust revenue and operating margins contributed to the record earnings per share. He also mentioned that Apple returned over $30 billion to shareholders during the quarter and that the active installed base of devices reached a new all-time high across all products and regions.
In line with its capital return program, Apple’s board of directors declared a cash dividend of $0.25 per share, payable on February 13, 2025, to shareholders of record as of February 10, 2025.
These results underscore Apple’s resilience and adaptability in a competitive market, reflecting its ongoing commitment to innovation and customer satisfaction.
