Apple Q1 Earnings: Record Revenue, AI-Powered Future
2025-01-31
Apple announced its financial results for fiscal Q1 2025 (calendar Q4 2024), reporting record revenue of $124.3 billion, a 4% year-over-year increase. Earnings per share rose 10% to $2.40. Services, Mac, and iPad revenues saw significant growth, while iPhone and Wearables experienced slight declines. CEO Tim Cook highlighted this as Apple's best quarter ever, emphasizing the role of Apple Intelligence in enhancing user experience and driving future growth. Apple Intelligence will support more languages in April. The earnings call also provided guidance for the next quarter, projecting low-to-mid single-digit revenue growth.