Apple posts record quarterly revenue of $143.8 billion

Apple has reported its financial results for the first quarter of fiscal 2025, delivering record-breaking numbers with growth across almost all regions and product categories.

• Quarterly revenue hit $143.8 billion, up 15.7% year-over-year
• iPhone sales surged 23.4% to $85.3 billion
• Active device base surpassed 2.5 billion

The first fiscal quarter is traditionally Apple’s strongest, driven by its fall product launches and the holiday season. This year was no exception: the company posted solid growth compared to the same period last year, when revenue was $124.3 billion. Earnings per share reached $2.84.

Revenue breakdown by category

iPhone sales led the charge, raking in $85.3 billion compared to $69.1 billion a year earlier. iPad also saw gains, delivering $8.6 billion versus $7.01 billion in the same quarter of fiscal 2025.

Mac sales dipped slightly to $8.39 billion from $8.9 billion last year. Meanwhile, the wearables, accessories, and home products category brought in $11.49 billion, marginally trailing last year’s $11.747 billion.

Services hit new all-time high

Apple’s services segment remains a steady growth engine. In the first calendar quarter of 2026, services revenue reached $30.013 billion, up from $26.34 billion in the same period last year. This area has maintained a consistent upward trend across recent quarters.

The Apple board also announced a dividend payout of $0.26 per share.

Impact of fall product launches

At the end of fiscal 2025’s fourth quarter, Apple unveiled its iPhone 17 lineup, including the iPhone Air, Apple Watch Series 11, Apple Watch SE 3, Apple Watch Ultra 3, and AirPods Pro 3. While these launches had minimal impact on the fourth quarter’s results, their full effect showed in the first calendar quarter of 2026.

October also brought additional releases: the iPad Pro with the M5 chip, Apple Vision Pro headset with M5, and the 14-inch MacBook Pro powered by M5. Although these devices were not available for the entire quarter, their launch in October contributed notably to the quarter’s overall performance, especially given seasonal consumer buying patterns.

Executive commentary

“iPhone had its best quarter ever thanks to unprecedented demand, with record results across every geographic segment, while services also hit an all-time high with 14 percent growth year over year,” said CEO Tim Cook in an official statement.

“We’re also thrilled to report that our active device base now exceeds 2.5 billion, reflecting incredible customer satisfaction with the world’s best products and services.”

“In the December quarter, our record business results and strong margins drove a 19 percent increase in earnings per share, setting a new all-time high for this metric,” Apple CFO Kevan Parekh added.

“These exceptionally strong results generated nearly $54 billion in operating cash flow, enabling us to return almost $32 billion to shareholders.”