Apple profits (AAPL) Q1 2025

Apple General income increased by 4% In his first fiscal quarterBut Wall Street’s iPhone sales expectations were lost and saw sales in China decrease 11.1%, the company reported Thursday.

But the shares increased approximately 3% in extended operations after the company gave a forecast for the quarter of March that suggested income growth.

This is how Apple versus the Estimates of Consensus of LSE for the quarter ending on December 28.

• Profit per action: $ 2.40 vs. $ 2.35 estimated
• Revenue: $ 124.30 billion compared to $ 124.12 billion estimated

• Income for iPhone: $ 69.14 billion compared to $ 71,03 billion estimated
• Mac income: $ 8.99 billion compared to $ 7.96 billion estimated
• Income for iPad: $ 8.09 billion compared to $ 7.32 billion estimated
• Other product income: $ 11.75 billion compared to $ 12.01 billion estimated
• Service income: $ 26.34 billion compared to $ 26.09 billion estimated
• Gross margin: 46.9% vs. 46.5% estimated

Apple said he expected a growth in the quarter of March of the “low digits in mid -” annually. The company also said that it expected a growth of “two low digits” for its services division. Apple said it expected the strong dollar to drag Apple’s general sales around 2.5%, and after accounting for the currency, the general growth rate would be similar to that of 6%of December quarter.

Wall Street expected guidance for the quarter of March, $ 1.66 in earnings per share about $ 95.46 billion in income.

Apple’s profit engine, its services division, which includes subscriptions, guarantees and license agreements, reported $ 23.12 billion in income, which is 14% higher than the same period last year. Apple’s CEO, Tim Cook, told the analysts of a call on Thursday that the company had more than one billion subscriptions, which include direct subscriptions for services such as Apple TV+ and ICloud, as well as subscriptions to third -party applications through Company app store’s system.

Although Apple’s general sales increased during the quarter, Iphone sales observed near the company decreased slightly year after year. The quarter of December is the first complete quarter with the sales of the iPhone 16, and Apple launched its Apple Intelligence AI suite for the devices during the quarter.

Apple LSEG’s iPhone estimates were the largest for the company in two years, since its first quarter in fiscal year 2023. At that time, Apple said its fault was because it could not make enough models of iPhone 14 due to production production. Problems in China.

In the first fiscal quarter, the company saw a significant weakness in Gran China, which includes the continent, Hong Kong and Taiwan. In general, China sales decreased 11.1% during quarter to $ 18.51 billion. It is the greatest fall in China’s sales since the same quarter last year, when 12.9%fell.

Cook told Steve Kovach of CNBC that iPhone sales were stronger in countries where Apple’s intelligence is available. Currently, the software is only available in a handful of English -speaking countries, and is not accessible in China or Chinese.

“During the quarter of December, we saw that in the markets where we had implemented Apple’s intelligence, that the performance year after year in the iPhone 16 family was stronger than the markets where we had not implemented Apple’s intelligence,” Cook said .

He added that the company planned to launch additional languages ​​in April, including a version of Apple Intelligence in Simplified Chinese.

Cook told CNBC that there were three factors in the company’s performance. He said that half of the 11.1% decrease was due to a change in the “channel inventory”, the fact that Apple’s intelligence has not been launched in the region and that after the quarter ended, China issued a National Subsidy that would stimulate some Apple sales products.

“If you observe the negative 11, half of the decrease is due to a change in the channel inventory, so the operational performance is better,” Cook said.

The company reported $ 36.33 billion in net income during the quarter, 7.1% more than $ 33.92 billion in the same period last year.

In his earnings report of the first fiscal quarter on Thursday, Apple reported a gross margin, the gain that remained after taking into account the cost of the goods sold, 46.9%. That is the highest registered, exceeding the margin of 46.6% in the company’s record in the period ending in March 2024. Apple said that the gross margin in the quarter of March was between 46.5% and 47.5%.

Apple iPad and Mac sales showed strong growth over sales with last year difficulties in the vacation quarter. Mac’s revenues increased 15% to $ 8.98 billion and iPad revenues grew 15% to $ 8.08 billion. The company’s MAC Division registered its best growth from the fourth fiscal quarter of 2022.

The company launched new Macs during the quarter, including new IMAC, Mac Mini and MacBook Pro in October. Apple also launched a new iPad Mini during the quarter. Cook attributed the growth of these segments to new products.

“It is driven by the important emotion around our last Mac alignment,” Cook said.

Cook told analysts about a gain call that the company had an active base of 2.35 billion active devices, above the 2.200 million figure that the company provided a year ago.

The company’s “other products” category, also called Wearable, which includes Apple Watch, Airpods, Beats and Vision Pro Sales, decreased 2% year after year to $ 11.75 billion in sales.

Apple said he would pay a 25 cents per share and spent $ 30 billion in dividends and shares of shares during the first quarter.

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