Apple’s quarterly revenue rose 4 percent to a record $124.3 billion

By: Trademagazin Date: 2025. 01. 31. 10:02

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Apple Inc. reported a better-than-expected increase in revenue and after-tax profit in the final quarter of last year.

The company’s shares rose 3 percent in after-tax trading in New York on Thursday after the company said that rising services revenue offset an unexpected decline in sales in China and a drop in smartphone revenue.

Apple reported that after-tax profit for the fiscal first quarter ended in December rose 7 percent to $36.33, or $2.40 per share, from $33.9 billion, or $2 per share, a year earlier.

Revenue for the quarter rose 4 percent to a record $124.3 billion.

Analysts’ average forecast was for revenue of $124.26 billion and earnings per share of $2.35.

Apple’s sales in China, one of the company’s key markets, fell 11 percent to $18.5 billion in the quarter.

iPhone revenue fell to $69.1 billion in the quarter from $69.7 billion a year earlier, while analysts had expected an improved figure of $70.7 billion.

Mac revenue rose to $8.99 billion from $7.78 billion, wearables, accessories and home appliances revenue fell to $11.75 billion from $11.95 billion, and iPad revenue rose to $8.09 billion from $7.02 billion.

Revenue from the App Store, Apple Music, Apple Pay and iCloud services jumped to $26.3 billion in the final three months of last year from $23.1 billion a year earlier.