Apple Reports Q1 FY2025 Results
Apple: Apple today announced financial results for its fiscal 2025 first quarter ended December 28, 2024. The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year. Jason Snell (with his usual assortment of charts): Probably most notable is that iPhone revenue was down 1% from the year-ago quarter, which will certainly upset some analysts and investors, given that the iPhone is more than half of Apple’s total revenue. But the Mac jumped 16%, the iPad was up 15%, and services was up 14%. The recently sluggish Wearables, Home, and Accessories category was down 2%. Sales were down 11 percent in China companywide, which is surely what pulled the iPhone down. Outside China iPhone 16 sales must be very strong. But Apple’s overall sales in China have been trending down for 3 years now. It looks to me like Apple has peaked there. ★
Apple:
Apple today announced financial results for its fiscal 2025 first quarter ended December 28, 2024. The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year.
Jason Snell (with his usual assortment of charts):
Probably most notable is that iPhone revenue was down 1% from the year-ago quarter, which will certainly upset some analysts and investors, given that the iPhone is more than half of Apple’s total revenue. But the Mac jumped 16%, the iPad was up 15%, and services was up 14%. The recently sluggish Wearables, Home, and Accessories category was down 2%.
Sales were down 11 percent in China companywide, which is surely what pulled the iPhone down. Outside China iPhone 16 sales must be very strong. But Apple’s overall sales in China have been trending down for 3 years now. It looks to me like Apple has peaked there.
