Apple reports first quarter results with all-time records for total company revenue and EPS
Apple today announced financial results for its fiscal 2025 first quarter ended December 28, 2024. The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year.
“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.”
Apple’s board of directors has declared a cash dividend of $0.25 per share of the Company’s common stock. The dividend is payable on February 13, 2025, to shareholders of record as of the close of business on February 10, 2025.
Apple Q125 net sales by reportable segment:
• Americas – $52.648 billion (vs. $50.430 billion YoY)
• Europe – $33.861 billion (vs. $30.397 billion YoY)
• Greater China – $18.513 billion (vs. $20.819 billion YoY)
• Japan – $8.987 billion (vs. $7.767 billion YoY)
• Rest of Asia Pacific – $10.291 billion (vs. $10.162 billion YoY)
Apple Q125 net sales by category:
• iPhone – $69.138 billion (vs. $69.702 billion YoY)
• Mac – $8.987 billion (vs. $7.780 billion YoY)
• iPad – $8.088 billion (vs. $7.023 billion YoY)
• Services – $26.340 billion (vs. $23.117 billion YoY)
• Wearables, Home and Accessories – $11.747 billion (vs. $11.953 billion YoY)
Prior to earnings, according to FactSet’s analyst estimates, Apple was expected to report revenue of $124.3 billion and EPS of $2.35. And, via Refinitiv, analysts’ consensus revenue expectations for Q125 were:
• iPhone – $71.0 billion (vs. $69.7 billion YoY, up 1.9%)
• Mac – $8.0 billion (vs. $7.8 billion YoY, up 2.3%)
• iPad – $7.3 billion (vs. $7.0 billion YoY, up 4.2%)
• Services – $26.1 billion (vs. 23.1 billion YoY, up 12.9%)
• Wearables, Home and Accessories – $12.0 billion (vs. $11.95 billion YoY, up 0.5%)
We will cover with live notes Apple’s Q125 conference call with analysts which happens today, Thursday, January 30, 2025
at 2:00 p.m. PT / 5:00 p.m. ET.
Notably down in Greater China, but, still, all-time revenue and EPS records overall!
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Source link: https://macdailynews.com/2025/01/30/apple_q125_earnings/
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