Apple announces financial results for first quarter
Apple has shared its financial results for the first quarter of fiscal 2025, ending on December 28, 2024. The tech giant reported a quarterly revenue of $124.3 billion, a 4 percent increase from the previous year, along with diluted earnings per share of $2.40, showing a 10 percent growth year over year.
The CEO of Apple, Tim Cook, expressed enthusiasm about the company’s latest achievements, stating, “Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago.” Cook attributed this success to the exceptional range of products and services that Apple offered during the holiday season. He highlighted the significance of Apple silicon in enhancing user experiences through Apple Intelligence, which enriches apps and personalizes user interactions. Cook also mentioned that Apple Intelligence would soon support more languages starting in April.
The CFO of Apple, Kevan Parekh, emphasized the company’s financial milestones by mentioning, “Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders.” Parekh also noted the increase in the active devices’ installed base across all products and regions.
Furthermore, Apple’s board of directors announced a cash dividend of $0.25 per share of common stock, payable to shareholders on February 13, 2025. The dividend’s record date has been set as February 10, 2025. Apple will host a live webcast of its Q1 2025 financial results conference call on January 30, 2025, at 2:00 p.m. PT. The webcast will be accessible for replay for two weeks after the event on apple.com/investor/earnings-call.
Investors can find additional information about Apple’s financial performance, reports submitted to the SEC, corporate governance, and shareholder meetings on the corporate website, apple.com, and the investor relations site, investor.apple.com. The press release contains forward-looking statements about the company’s quarterly dividend payment and future business plans, emphasizing the potential risks and uncertainties associated with global economic conditions, government policies, geopolitical tensions, natural disasters, and public health concerns.