Apple is a big tech company known for creating innovative gadgets and technology. It started in 1976 with founders Steve Jobs, Steve Wozniak, and Ronald Wayne. Apple became famous for its computers like the Apple II and the Macintosh. In 2007, the company changed the smartphone world with the launch of the iPhone. They also make iPads, Apple Watches, and offer services like Apple Music, iCloud, and Apple TV+.
Apple’s main office is in Cupertino, California, in a building called Apple Park that looks like a spaceship. The company is known for its stylish designs and easy-to-use products that work well together. Apple is also trying to help the environment by using recycled materials and aiming to be carbon neutral. The company’s influence goes beyond technology, impacting culture and modern innovation.
Apple Fiscal Q1 2025
Apple (AAPL) announced its financial results for the first quarter of 2025, ending on December 28, 2024. The company reported a record revenue of $124.3 billion, up 4% from the previous year and slightly above the expected $124.1 billion.
However, revenue from China was $18.51 billion, significantly lower than the forecasted $21.57 billion. Apple Intelligence is not yet available in China.
Meanwhile, Services revenue rose 14% and set an all-time high of $26.34 billion in the first quarter.
Boards Statements
CEO Tim Cook explained that the 11% decline in China was mainly due to changes in inventory levels. iPhone revenue also fell short at $69.14 billion compared to the $71.04 billion estimate, but earnings per share were $2.40, higher than the expected $2.35.
Tim Cook described this as their best quarter ever, crediting the success to popular products and services during the holiday season.
CFO Kevan Parekh added that their strong revenue and operating margins helped achieve double-digit EPS growth and allowed them to return over $30 billion to shareholders. The number of active Apple devices also reached a new high. Apple’s board has declared a cash dividend of $0.25 per share, payable on February 13, 2025, to shareholders of record on February 10, 2025. Additionally, Apple will live stream its financial results conference call on January 30, 2025.
Impact on the Stock Market
Apple’s first-quarter earnings report for 2025 had mixed effects on its investors. While the company achieved record revenue of $124.3 billion and earnings per share of $2.40, surpassing expectations, there was lower-than-expected iPhone sales and revenue in China.
Despite these issues, Apple’s strong performance in other regions and growth in services helped balance the overall sentiment. The stock increased 4% in pre-market trading.
