Apple today has announced it’s Q1-25 earnings results with revenue of $124.3 billion, up 4% from a year ago and quarterly diluted earnings per share of $2.40, up 10% year over year. This marks Apple’s best quarter in the companies history, even though the company has seen a small drop of iPhone sales and a 11% sales decline in China for the quarter. The company reported $36.33 billion in net income during the quarter, up 7.1% from $33.92 billion in the same period last year. $AAPL stock is down 1.5% in after-hours trading as the time this article is published.
Here is a summary of today’s earning announcements:
Earnings per share: $2.40 vs. $2.35 estimated
Revenue: $124.30 billion vs. $124.12 billion estimated
iPhone revenue: $69.14 billion vs. $71.03 billion estimated
Mac revenue: $8.99 billion vs. $7.96 billion estimated
iPad revenue: $8.09 billion vs. $7.32 billion estimated
Other Products revenue: $11.75 billion vs. $12.01 billion estimated
Services revenue: $26.34 billion vs. $26.09 billion estimated
Gross margin: 46.9% vs. 46.5% estimated
“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” said Tim Cook, Apple’s CEO. “We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we’re excited that Apple Intelligence will be available in even more languages this April.”
“Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders,” said Kevan Parekh, Apple’s CFO. “We are also pleased that our installed base of active devices has reached a new all-time high across all products and geographic segments.”
The company will be holding it’s Q1-25 earnings call today at 2:00 p.m. PT / 5:00 p.m. ET. The webcast will be available for replay for approximately two weeks thereafter.
