Apple Inc. announced on Thursday that its first quarter of fiscal 2025 revenue climbed 4% to $124.3 billion, marking its "best quarter ever." This was primarily due to product sales, which reached $97.9 billion, an increase from the same quarter a year earlier.
The Cupertino company also announced that its net income for the three months ending December 28 increased to $36.3 billion, or $2.40 per diluted share. In terms of product categories, net sales of the iPhone decreased to $69.1 billion, down from $69.7 billion in the same quarter of 2023. However, revenue from Apple services rose significantly, increasing from $23.1 billion to $26.3 billion.
In the same report, the company declared a cash dividend of $0.25 per share of the firm's common stock, payable on February 13, 2025. While US and European sales increased to $52.6 billion and $33.8 billion, respectively, China sales dropped from $20.8 billion to $18.5 billion. Apple's CEO Tim Cook said in the report that "Apple Intelligence will be available in even more languages this April."
Apple's shares were virtually flat after the report's publication in premarket in New York.