Apple Reports Recorded Revenue of1 Billion from Subscriptions

Apple has announced its fiscal Q1 2025 financial results, reporting $124.3 billion in revenue, a 4% year-over-year increase, slightly exceeding estimates. While Mac and iPad sales outperformed expectations, iPhone revenue declined, largely due to an 11.1% drop in China.

CEO Tim Cook described it as Apple's best-ever quarter, highlighting the success of its holiday lineup of products and services. He emphasized the impact of Apple Intelligence, powered by Apple Silicon, which enhances user experiences. Despite limited availability, Cook remains confident AI will go mainstream, stating that once users experience it, it becomes indispensable.

Apple also surpassed 1 billion subscriptions, covering Apple TV+, iCloud, and third-party App Store services. CFO Kevan Parekh noted that record revenue and strong margins led to double-digit EPS growth, allowing Apple to return over $30 billion to shareholders.

Additionally, Apple’s installed base of active devices hit a new all-time high across all regions and product categories. Following the earnings report, Apple shares rose over 3% in extended trading on January 30th.