Apple CEO Tim Cook [left], CFO Kevan Parekh [right]
Apple has reported its financial results for the first quarter of 2025, with the holiday sales boosting revenue to a record $124.3 billion in the first results call with new CFO Kevan Parekh.
The first quarter of Apple’s fiscal year is typically the biggest across all periods, following the usually intensive holiday shopping period and iPhone launches. The Q1 2025 results follow exactly the same pattern.
In the first quarter, Apple’s revenue hit $124.3 billion, up from $119.58 billion reported one year ago in Q1 2024.
Broken down to units, iPhone revenue reached $69.1 billion, marginally down from $69.7 billion in Q1 2024. iPad revenue went up from $7.02 billion last year to $8.088 billion this time.
Mac revenue was largely static in Q1 2024 at $7.78 billion, while in Q1 2025, it rose to $8.987 billion. Wearables, Home, and Accessories managed to hit $11.747 billion, down from $11.95 billion in Q1 2024.
Services, the very reliable sector for the company, continued its positive growth streak. The $26.34 billion in Q1 2025 is up from $23.12 billion recorded in Q1 2024.
Apple’s board of directors declared a cash dividend of $0.25 per share of common stock. The Earnings Per Share is listed at $2.41.
During the period, Apple benefited from quite a few preceding product launches. The Q4 launches of the iPhone 16 range, AirPods Max with USB-C, the Apple Watch Series 10, and the black Apple Watch Ultra 2 all enjoyed a full quarter of holiday shopping sales.
As usual, the results are followed by the conference call with investors and analysts. Tim Cook will be in attendance as CEO, but so will Kevan Parekh, who is replacing Luca Maestri as CFO.
Maestri stepped down in January, allowing the VP of Financial Planning and Analysis to take over his role.
“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” said Tim Cook, Apple’s CEO. “We were thrilled to bring customers our best-ever lineup of products and services during the holiday season.
“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,” said Kevan Parekh. “
On a regional basis, revenue from the Americas grew from $50.4 billion one year ago to $52.6 billion. Europe similarly saw an improvement from $30.4 billion to $33.9 billion.
Greater China revenue dipped from $20.8 billion to $18.513 billion, while Japan grew from $7.7 billion to $10.3 billion. Rest of Asia Pacific rounds out the list with $10.291 billion, a marginal improvement over Q1 2024’s $10.162 billion.
