Apple has formally launched its newest quarterly earnings outcomes, hitting all-time information for the corporate’s complete income and EPS. For its fiscal 2025 first quarter ended December 28, 2024, Apple posted a quarterly income of $124.3 billion USD following the 2024 vacation season. The quantity elevated 4% 12 months over 12 months and noticed quarterly diluted earnings per share of $2.40 USD, which is up 10% 12 months over 12 months.
The October to December 2024 interval marked an all-time excessive in record-breaking gross sales for the corporate. With the assistance of the launch of the iPhone 16 fashions, the iPhone pulled in $69.1 billion USD gross sales in itself, though barely decrease from the $69.7 billion USD within the interval resulted in December 2023. CEO Tim Cook dinner defined in a name with traders later that Apple set an “all time document” for iPhone prospects who selected to improve their telephones to the newest mannequin. He mentioned, “We’ve by no means seen a better stage of upgraders earlier than. The set up base hit a brand new all-time excessive as effectively. And in the event you have a look at the 16 in comparison with the 15 from launch, which occurred, in September — that is throughout now two quarters from September to the top of the December fiscal quarter, the 16 outperformed the 15. And so I feel you possibly can conclude from that that there are compelling causes to improve.”
As for Mac gross sales, they noticed a rise to virtually $9 billion USD, an uptick from the earlier 12 months’s $7.8 billion USD. iPad gross sales additionally elevated to $8.7 billion USD from $7 billion USD, whereas house and equipment noticed a decline from $12 billion USD to $11.7 billion USD. Service revenues from machine warranties and streamer Apple TV+ and extra grew to $26.3 billion USD. In a letter to shareholders, Cook dinner mentioned, “Right now Apple is reporting our greatest quarter ever, with income of $124.3 billion, up 4 p.c from a 12 months in the past. We have been thrilled to deliver prospects our best-ever lineup of services in the course of the vacation season. Via the ability of Apple silicon, we’re unlocking new potentialities for our customers with Apple Intelligence, which makes apps and experiences even higher and extra private. And we’re excited that Apple Intelligence can be out there in much more languages this April.”
