Apple announced financial results for its fiscal 2025 first quarter ended December 28, 2024, with revenue reaching $124.3 billion, up 4% YoY. Net income rose to $36.3 billion from $33.9 billion last year, with earnings per share increasing to $2.40. Services revenue achieved a new record of $26.3 billion, growing 14% YoY, while Products revenue reached $98 billion.Regional performance showed mixed results, with strong growth in Europe (11% YoY) and Japan (16% YoY), while Greater China declined 11%. Mac and iPad segments demonstrated solid growth, up 16% and 15% respectively, while iPhone revenue remained relatively flat at $69.1 billion. The company's gross margin improved to 46.9% from 45.9% in the same quarter last year.The company continued its capital return program, repurchasing $23.3 billion in shares and paying $3.9 billion in dividends during the quarter. Apple maintained a strong liquidity position with $30.3 billion in cash and cash equivalents, while implementing business changes to comply with new regulations in various markets, including the EU's Digital Markets Act.

Apple announced financial results for its fiscal 2025 first quarter ended December 28, 2024, with revenue reaching $124.3 billion, up 4% YoY. Net income rose to $36.3 billion from $33.9 billion last year, with earnings per share increasing to $2.40. Services revenue achieved a new record of $26.3 billion, growing 14% YoY, while Products revenue reached $98 billion.Regional performance showed mixed results, with strong growth in Europe (11% YoY) and Japan (16% YoY), while Greater China declined 11%. Mac and iPad segments demonstrated solid growth, up 16% and 15% respectively, while iPhone revenue remained relatively flat at $69.1 billion. The company's gross margin improved to 46.9% from 45.9% in the same quarter last year.The company continued its capital return program, repurchasing $23.3 billion in shares and paying $3.9 billion in dividends during the quarter. Apple maintained a strong liquidity position with $30.3 billion in cash and cash equivalents, while implementing business changes to comply with new regulations in various markets, including the EU's Digital Markets Act.