A minor slump in iPhone sales did not prevent Apple from posting its best quarter yet, as the company has announced its Q1 2025 results, which detail that the California-based giant generated a mammoth $124.3 billion in revenue, of which it pocketed $36.3 billion. Compared to the same period last year, Apple made $119.6 billion in revenue and netted $33.9 billion in revenue. For this quarter, iPhone revenue might have been lower compared to Q1 2024, but it still accounted for more than 50 percent of the company’s earnings, with additional details provided below.
Services continued its winning run for Apple’s Q1 2025 earnings, posting a higher revenue compared to Q1 2024, with Mac and iPad sales witnessing a growth this quarter
Making up 55.63 percent of Apple’s $124.3 billion revenue, the iPhone brought in $69.1 billion, but it was slightly down from $69.7 billion that the company made in Q1 2024. As for the iPad lineup, the launch of the premium M4 iPad Pro coupled with the M2 iPad Air series meant that Apple would post healthy growth, with the firm’s tablet range bringing in $8.088 billion this quarter, compared to $7.02 billion for the previous period. Tim Cook made the following comments related to the latest quarter.
“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago. We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we’re excited that Apple Intelligence will be available in even more languages this April.”
Also, a string of impressive Mac hardware, combined with aggressive pricing saw Apple win in this sector too, posting a revenue of $8.987 billion in revenue, up from $7.78 billion it made in Q1 2024. Unfortunately, the winning streak ends with Wearables, Home, and Accessories, which might have generated $11.747 billion for the 3-month period, but its Q1 2024 results of $11.95 billion meant that Apple had witnessed better performance.
Of course, who can forget about Services, a division that has repeatedly delivered a solid financial cushion when the technology behemoth needed it the most. On this occasion, this category made $26.34 billion, and as you would have guessed, it is higher than the $23.12 billion registered during the same quarter a year ago. Apple’s Chief Financial Officer, Kevan Parekh, stated that thanks to the strong operating margins and double-digit profits, the company was able to return over $30 billion to shareholders.
If you want to be a part of additional coverage, we recommend checking out Apple’s Investor Relations page for more updates. We will conclude by saying that while the iPhone 16 family was not a ‘home run’ launch, accounting for more than half of the quarterly revenue is still a big deal and shows that the company is still heavily reliant on this sector, hence why it continues its Apple Intelligence run in a multitude of regions, believing it to be a catalyst for future growth.
About the author: Omar Sohail is a reporter and analyst for Wccftech's mobile section, specializing in the technology and business of the mobile industry. His expertise lies in the intricate hardware supply chain, covering developments in semiconductor manufacturing, chip lithography, and camera sensor technology.
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