Apple Reports Record Revenues and EPS Growth in 2025

The first part of Apple’s fiscal year 2025 has wrapped up, ending on December 28, 2024, and the results are impressive. The company set a new record, bringing in a whopping $124.3 billion in revenue, which is a 4% increase compared to the same period last year.

iPhone Sales Lead the Charge

iPhones were a major contributor, generating $69.138 billion, which represents 55.6% of the total revenue. Tim Cook credited this success to the launch of “our best-ever line-up of products and services during the holiday season.” However, it’s possible that the high prices of the phones also played a role in these strong sales figures.

Other Products Struggle

In contrast, sales of Macs and iPads were much lower, with figures at $8.987 billion and $8.088 billion, making up only 7.2% and 6.5% of total revenue, respectively. This shows a noticeable gap between the performance of iPhones and that of other products in Apple’s lineup.

Services Shine Bright

On a brighter note, the first quarter of 2025 was the most successful for Apple Services, which includes offerings like Apple TV+, Music, Podcasts, and Fitness+. This segment brought in $26.34 billion, or 21.2% of Apple’s global sales during this period.

Apple’s earnings per share (EPS) also reached new heights, hitting $2.40, which is a 10% increase from last year. According to Apple CFO Kevan Parekh, this performance will enable the company to distribute around $30 billion, or $0.25 for each share of common stock, to its shareholders, expected to happen on February 13, 2025.

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