Apple Reports Record iPhone and Service Revenue in Q1

In the first quarter of fiscal 2025, Apple Inc. (AAPL) reported revenue of $143.8 billion and diluted earnings per share of $2.84, up 16% and 19% year-over-year, respectively. Driven by record sales in its iPhone and Services segments, the company generated approximately $54 billion in operating cash flow and returned about $32 billion to shareholders. Apple declared a cash dividend of $0.26 per share, payable to shareholders of record on February 9, with a payment date of February 12.

Analysts say Apple has once again delivered its strongest quarterly performance, buoyed by robust iPhone 17 demand and strength in the China and India markets. To accelerate its shift into artificial intelligence, the company is integrating Google’s Gemini AI into Siri and is reportedly pursuing the acquisition of AI startup Q.ai. In January, Apple separately announced that its Services segment achieved a record full-year performance in 2025, reaffirming its strategy to expand subscription, payment, and content offerings.

On February 1, routine disclosures related to board compensation continued, including the scheduled conversion of restricted stock units held by outside directors Andrea Jung and Alex Gorsky into common shares. As a hallmark U.S. Big Tech company, Apple maintains a high-margin business model by growing Services alongside its iPhone, Mac, iPad, and Wearables lines. It is widely regarded as a bellwether technology stock, with earnings and share price volatility tied to global IT and semiconductor demand and shifts in U.S. Federal Reserve monetary policy.