Apple’s Q1 2025 Results
Apple (transcript, Hacker News, MacRumors):
The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year.
Apples gross margin is up to 46.9 percent, not a surprise if you’ve seen what they charge for storage and RAM these days.
Probably most notable is that iPhone revenue was down 1% from the year-ago quarter, which will certainly upset some analysts and investors, given that the iPhone is more than half of Apple’s total revenue. But the Mac jumped 16%, the iPad was up 15%, and services was up 14%. The recently sluggish Wearables, Home, and Accessories category was down 2%.
Michael E. Cohen and Adam Engst:
The big winner in the category revenue race was Services, which brought in a record $26.3 billion, up $3.2 billion from last year. Consequently, Services grew to account for 21% of Apple’s overall revenues, while an iPad rebound boosted its share to 7%, and Macs remained steady at 7%.
Going into today’s earnings call, Apple’s stock was downgraded by multiple analysts. Factors cited in the downgrades included weak sales in China, an expectation that Apple wouldn’t meet earnings expectations, and the the lack of any boost in iPhone sales from Apple Intelligence.
wronglebowski (BasicAppleGuy):
Apple has a reserved billboard right across the street from my apartment. Every time it changes I notice, Privacy ad, Sexy product photos, Shot on IPhone ads. Guess what it is now? AI Emoji, a hot dog holding a briefcase.
And I think I know from my own personal experience, once you start using the features you can’t imagine not using them anymore. […] I know I get hundreds of emails a day, and the summarization function is so important.
Apple’s overall sales in China have been trending down for 3 years now. It looks to me like Apple might have peaked there around 2021 or 2022.
Looking at the 4-quarter moving averages for iPad, iPhone, Mac, and wearables, hardware revenue looks pretty flat over the past 3 years. So-called “services” are the only thing that hasn’t peaked already.
Previously:
- Apple Intelligence News Notification Summaries
- Apple’s Q4 2024 Results
- Kevan Parekh Replaces Luca Maestri
- Beta for Apple Intelligence in Apple Mail
- Apple’s Q1 2024 Results
- 8 GB of Unified Memory
- Apple Lowers SSD Prices
