Apple Inc AAPL reported first-quarter financial results after the market close on Thursday. Here’s a look at the key metrics from the quarter.
Q1 Earnings: Apple reported fiscal first-quarter revenue of $124.3 billion, beating analyst estimates of $124.13 billion. The iPhone maker reported first-quarter adjusted earnings of $2.40 per share, beating analyst estimates of $2.36 per share.
Apple has now beat analyst estimates on the top and bottom lines in eight consecutive quarters, according to Benzinga Pro.
Total revenue was up 4% year-over-year, and earnings per share climbed 10% year-over-year. Americas sales totaled $52.65 billion in the quarter, Europe sales came in at $33.86 billion, Greater China sales were $18.51 billion, Japan sales totaled $8.99 billion and the rest of Asia Pacific sales were $10.29 billion.
Products revenue came in at $97.96 billion, up from $96.46 billion year-over-year. Services revenue totaled $26.34 billion, up from $23.12 billion year-over-year. Here's a breakdown of product sales by category:
- iPhone: $69.14 billion, versus $69.7 billion last year
- Mac: $8.99 billion, versus $7.78 billion last year
- iPad: $8.09 billion, versus $7.02 billion last year
- Wearables, Home and Accessories: $11.75 billion, versus $11.95 billion last year
Apple noted that its active installed base of devices reached a new all-time high across all products and geographic segments.
“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” said Tim Cook, CEO of Apple.
“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.”
Apple's board declared a quarterly cash dividend of 25 cents per share. The dividend is payable on Feb. 13 to shareholders of record as of Feb. 10.
Apple didn't provide forward guidance in its first-quarter earnings release, but the company typically provides commentary on the conference call on how it generally expects its different product lines to perform moving forward. Apple's call with analysts and investors will start at 5 p.m. ET.
AAPL Price Action: Apple shares were volatile following the release. The stock was down 0.35% after-hours, trading at $236.76 at the time of publication Thursday, according to Benzinga Pro.
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Photo: Courtesy of Apple.
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