In a landmark performance for Q1 2025, Apple reported revenues of $124.3 billion, a 4% increase from the previous year, alongside a record net income of $36.3 billion. Key revenue contributors included a solid $8.9 billion from Mac sales and $8.0 billion from iPads. Notably, the services sector, which includes Apple Music and iCloud, reached an all-time high of $26.3 billion. However, iPhone revenue saw a slight decrease, particularly with over $2 billion lost in the Chinese market, prompting concern ahead of future growth initiatives in 2025.
The holiday quarter proved historic for Apple, with quarterly revenues peaking at $124.3 billion and a net income of $36.3 billion.
Apple's services sector led growth with an all-time revenue high of $26.3 billion, even as iPhone sales slightly declined.
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