Apple’s Q1 Revenue Hits Record $124.3 Billion Amid AI Expansion!
CALIFORNIA, USA, 31st January 2025 – Apple Inc. released their earnings for the first quarter. In it, they reported a revenue of over $124.3 billion marking an impressive 4% growth from the last year.
A strong performance was also noted in the case of the company’s diluted earnings per share which increased from $2.20 to $2.40.
CEO Tim Cook attributed the record revenue in part due to customer engagement in the holiday season. He reiterated the relevance of Apple Intelligence, claiming,
“Throught the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal.”
Alongside these claims, Cook also informed the audience that in April, the company intends to introduce Apple Intelligence in new languages.
With respect to the company’s strong operational margins this quarter, CFO Kevan Parekh claims the all-time high in earnings per share can also be attributed to it. He mentioned,
”Our record revenueand 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.”
Like other reports, Parekh noted that the installed base of active devices has now reached a new all-time high across all products and geographic segments, further telling that the devices consist of all Apple products.
Owing to the increasing integration of Apple Intelligence into their devices, Apple’s services started generating greater revenue as they recorded $26.34 billion, which is a 14% rise, whereas, there was a tiny fall for iPhones sales.
Moreover, Apple has plans to increase the number of languages supported, including English (India), English (Singapore), German, Italian, Korean, Portuguese, and Vietnamese, to allow a wider audience to use Apple Intelligence.
This will further improve user experience and enhance Apple’s AI driven services. Apple has decided to issue a cash dividend of $125 per share to shareholders on record Feb. 10 which will be payable to them on 13 Feb. 2025.
A conference call regarding their financial results for Q1 2025 will be hosted on January 30, 2025. The webcast will be available on apple.com/investor/earnings-call. The call will commence at 2 PM PT. The advancement of AI is a core area in which Apple wants to invest heavily. For that reason, they want to ensure that innovative services and products are offered to their customers worldwide.
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