Apple Surpasses Anticipations with Record Revenue in Q1 2025
Analysts on Wall Street projected an ambitious target for Apple to achieve, estimating a revenue increase of 4% during the crucial holiday shopping season. Yet again, the tech giant not only met these forecasts but exceeded them as well.
“Today, we proudly announce that Apple has achieved its highest quarterly performance to date,” stated CEO Tim Cook. “Our revenue reached an impressive $124.3 billion, reflecting a 4% growth compared to last year. We were excited to offer our customers the finest array of products and services throughout this holiday period.”
Q1 2025 Results: A Landmark Achievement
A consensus among Wall Street analysts had predicted Apple’s revenue for the final quarter of 2024 would hit around $124 billion—representing a yearly increase from $119.6 billion reported at the conclusion of Q4 2023, as per data collected by Yahoo Finance. The average forecast for earnings per share was set at $2.34 up from the previous year’s figure of $2.18.
The actual results released after market closure on Thursday showcased revenues hitting $124.3 billion with earnings per share coming in at $2.40.
Diverse Product Performance: Insights into Category Sales
Examining sales through various categories reveals some significant shifts; particularly noteworthy is a remarkable 16% surge in Mac revenues when compared across annual quarters, thanks largely to new models like the debuting MacBook Pro featuring Apple’s cutting-edge M4 processor.
The iPad also demonstrated strong performance with its revenues rising by an impressive 15%, while earnings from services—encompassing offerings such as App Store sales and Apple Music subscriptions—increased by approximately 14% year-on-year.
A detailed account will be provided during Apple’s upcoming investor call scheduled for Thursday at 2 p.m Pacific Time, where both Tim Cook and CFO Kevan Parekh are expected to address inquiries directly from investors.
An Official Statement from Apple’s Leadership
In their official financial disclosure regarding Q1 fiscal year ending December 28, it was noted:
“Today marks another milestone for us as we declare record revenue standing at $124.3 billion—a notable uptick of four percent year-over-year—and diluted earnings per share reaching an all-time high of $2.40,” Tim Cook emphasized further about their product innovations enhancing user experience through advancements in technology such as Apple silicon.
“We’re excited that our proprietary technology known as ‘Apple Intelligence’ will be rolling out additional language capabilities come April,” he added.
CFO Kevan Parekh highlighted their robust margins saying: “Our record-setting profits enabled us to reallocate over $30 billion back into shareholders’ pockets.” He also shared excitement over reaching unprecedented levels within our installed base across diverse regions globally.”
Dividend Announcement Designed for Shareholders’ Benefit
This recent success led Apple’s board members to declare a cash dividend amounting to $0.25 per share applicable on common stocks; this payout is set to occur on February 13, 2025, available exclusively for shareholders recorded before market close on February10th.