Apple Reported A Record Quarterly Revenue of $124 Billion USD

Apple has officially announced its most recent quarterly earnings, achieving unprecedented records for the company's total revenue and earnings per share (EPS).

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For the first quarter of fiscal 2025, concluding on December 28, 2024, Apple reported a quarterly revenue of $124.3 billion USD subsequent to the 2024 Christmas season. The figure rose by 4% annually, with quarterly diluted earnings per share reaching $2.40 USD, reflecting a 10% growth year over year.

The period from October to December 2024 represented a peak in unprecedented sales for the corporation. The introduction of the iPhone 16 models generated $69.1 billion USD in sales, a little decrease from the $69.7 billion USD recorded in the quarter ending December 2023. CEO Tim Cook stated during an investor call that Apple achieved a “all-time record” for iPhone users opting to upgrade to the latest model. He stated, “We have never encountered a greater number of upgraders previously.” The installation base reached a record peak. Upon comparing the 16 to the 15 since their launch in September, spanning two fiscal quarters until the conclusion of December, the 16 has surpassed the performance of the 15. Consequently, one can deduce that there are persuasive justifications for an upgrade.

Mac sales increased to about $9 billion USD, up from the prior year's $7.8 billion USD. iPad sales rose to $8.7 billion USD from $7 billion USD, however home and accessories had a decrease from $12 billion USD to $11.7 billion USD. Service revenues from device warranties and the streaming service Apple TV+ increased to $26.3 billion USD. In a letter to shareholders, Cook stated, “Today Apple is announcing our most successful quarter to date, with revenue of $124.3 billion, an increase of 4 percent compared to the previous year.” We were elated to present our finest array of products and services to customers during the holiday season. Leveraging the capabilities of Apple silicon, we are unveiling new opportunities for our users with Apple Intelligence, enhancing applications and experiences to be more superior and personalized. We are pleased to announce that Apple Intelligence will be accessible in additional languages this April.