Apple Earnings & Revenue: Q1 2025 & Latest Updates | AAPL
Is Apple's financial performance truly as stellar as the headlines suggest? The tech giant's latest earnings report reveals a complex picture, marked by record revenue alongside nuanced shifts in key market segments.
Apples fiscal 2025 first quarter, concluded on December 28, 2024, showcased a robust financial performance. The company announced revenue of $124.3 billion and earnings per share (EPS) of $2.40. This positive momentum was further solidified by a cash dividend of $0.25 per share, reflecting Apple's commitment to returning value to its shareholders. Furthermore, the company highlighted a new record for its installed base of active devices, a crucial metric indicating continued user engagement and loyalty to the Apple ecosystem.
Cupertino, California has been the stage where Apple Inc. has consistently unveiled its financial health. Apple's trajectory is not without its challenges. A $10.2 billion tax charge presents a significant financial burden. The introduction of the iPhone 16 and other new products is crucial. Services, Mac, and iPad revenue experienced notable growth, while the iPhone and wearables segments saw small declines. Apple's quarterly earnings reports, press releases, and statements are the primary sources of data.
The following table summarizes key financial data points for Apple Inc. in recent quarters:
| Fiscal Quarter | Date | Revenue (USD Billions) | Earnings per Diluted Share | Year-over-Year Change (Revenue) |
|---|---|---|---|---|
| Q1 2025 | December 28, 2024 | 124.3 | $2.40 | N/A (Compared to previous year's Q1) |
| Q1 2024 | December 30, 2023 | 119.6 | $2.18 | +2% |
| Q2 2024 | March 30, 2024 | 90.8 | $1.53 | -4% |
| Q3 2024 | June 29, 2024 | 85.8 | $1.40 | +5% |
| Q4 2022 | September 24, 2022 | 90.1 | $1.29 | +8% |
| Q3 2022 | June 25, 2022 | 83.0 | $1.20 | +2% |
Source: NASDAQ and Apple Inc. Financial Reports
Analysts are closely scrutinizing the iPhone's performance, particularly in light of a perceived sluggish start to the year for Apple's stock. The trajectory of iPhone sales remains a focal point for investors, and its momentum is crucial. According to various sources, Apple's earnings are expected to experience a considerable boost in the coming year, with a projected increase from $7.28 per share to $8.20 per share, representing a 12.64% growth.
The companys performance is subject to diverse interpretations. Earlier this month, Jefferies analysts downgraded Apple's rating to "underperform," expressing concerns about potential misses in both fiscal first-quarter results and future guidance. This cautious outlook from Jefferies analysts is based on their expectations for the iPhone 17 and forward-looking guidance. Tim Cook has addressed concerns. Tim Cook touched upon the demand for the iPhone 16 and also highlighted the significant uptake of iOS 18.1 with Apple Intelligence, noting that it was adopted at twice the pace of its predecessors.
Apple has consistently shown its ability to deliver positive financial results. Apple recorded top and bottom line records in the last three months of 2024, coming in almost exactly in line with analyst forecasts. Furthermore, Apple's earnings per share for the quarter came in at $2.41, surpassing the consensus estimates.
Cupertino, California, has been the site of many key announcements. Apple Inc. delivered a robust fiscal Q1 2024, characterized by record earnings per share and substantial growth in its services and active device base. The company posted quarterly revenue of $119.6 billion, a 2 percent increase year-over-year, and quarterly earnings per diluted share of $2.18, reflecting a 16 percent year-over-year rise. This strong performance provided a solid foundation for the rest of the year.
The dynamics of revenue streams are quite interesting. In the fiscal 2024 second quarter ending March 30, 2024, Apple posted quarterly revenue of $90.8 billion, which was a 4 percent decrease year-over-year, with quarterly earnings per diluted share of $1.53. The fiscal 2024 third quarter, which ended June 29, 2024, showed quarterly revenue of $85.8 billion, marking a 5 percent increase year-over-year. Quarterly earnings per diluted share reached $1.40, which reflects an 11 percent increase year-over-year. Apple's financial results for the fiscal 2022 fourth quarter, ending September 24, 2022, displayed record revenue of $90.1 billion, marking an 8 percent increase year-over-year. Quarterly earnings per diluted share were $1.29, a 4 percent increase year-over-year. The June quarter revenue record was $83.0 billion, which was 2 percent year-over-year, with quarterly earnings per diluted share of $1.20.
The company is constantly innovating in the face of competition. Apple's iPhone revenue also missed targets, coming in at $69.14 billion against the $71.04 billion estimate. The earnings per share were $2.40, exceeding the forecasted $2.35. Apple's financial results for the fiscal 2025 first quarter ended December 28, 2024, showed quarterly revenue of $124.3 billion. Despite a challenging global economic environment, Apple continues to demonstrate resilience and adaptability. Revenue from Greater China, while showing signs of stabilization after four quarters of declines, missed expectations by approximately $1 billion. The region's revenue came in at $15.03 billion compared to $15.08 billion a year before.
The following data provides a historical overview of Apple's earnings per share (EPS) from 2010 to 2024. Earnings per share are defined as a company's net earnings or losses attributable to common shareholders per diluted share base.
| Year | EPS |
|---|---|
| 2010 | $1.74 |
| 2011 | $3.85 |
| 2012 | $6.10 |
| 2013 | $5.38 |
| 2014 | $5.90 |
| 2015 | $9.28 |
| 2016 | $8.31 |
| 2017 | $9.22 |
| 2018 | $11.91 |
| 2019 | $11.89 |
| 2020 | $3.31 |
| 2021 | $5.61 |
| 2022 | $6.11 |
| 2023 | $3.99 |
| 2024 | $2.18 (Q1), $1.53 (Q2), $1.40 (Q3), $1.29 (Q4) |
Apple's financial performance is influenced by various factors, including the performance of its product categories. Apple topped Wall Street's forecasts with June quarter sales of $84.4 billion and earnings per share of $1.40. Services, Mac, and iPad revenue showed significant growth, while iPhone and wearables experienced slight declines.
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