Apple Q1 2025 Financial Results Revealed on January 30
Apple recently announced that they will be sharing their Q1 2025 financial results on January 30, 2025. This report will cover the period from October to December 2024, giving us a clear picture of how Apple performed during that time. The investor call to discuss these results will be streamed on Apple’s website at 2:00 p.m. Pacific Time, with the full earnings report available 30 minutes earlier.
Looking back at Q1 2024, Apple reported revenue of $119.6 billion and a net profit of $33.9 billion. To break it down, iPhone revenue was $69.70 billion, services revenue was $23.12 billion, Mac revenue was $7.78 billion, iPad revenue totaled $7.02 billion, and wearables, home, and accessories revenue amounted to $11.95 billion.
This upcoming report will be particularly interesting as it will give us insight into the sales performance of the latest iPhone 16 series. In the previous quarter (July to September) of 2024, Apple introduced new models for iPad Mini, Mac Mini, MacBook Pro, and iMac, so we will get our first look at how these devices are doing. The October to December quarter is known as the holiday quarter because of Black Friday, Christmas, and New Year, making it a crucial time for sales across businesses.
CEO Tim Cook and Apple’s new CFO, Kevan Parekh, will be presenting the Q1 2025 earnings report. Kevin Parekh recently took on the role of CFO after 11 years at Apple, making this his first earnings call in this position.
Apple has faced challenges in the Chinese market, with a decline in smartphone sales during Q3 2024. Despite this, the upcoming earnings report will shed light on how Apple is navigating these difficulties. In addition, Apple recently settled a Siri privacy lawsuit and reportedly ended production of the ‘Vision Pro’ mixed-reality headset.
Stay tuned for January 30 to get all the details from Apple’s Q1 2025 financial results.
