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Apple reports all-time high revenues despite underwhelming iPhone sales in Q1

The holiday quarter is traditionally Apple’s best in terms of earnings, and the three-month period leading up to December 28, 2024, proved to be a historic run. Cupertino’s quarterly revenues peaked at an all-time high of $124.3 billion, which is a 4% year-over-year increase. Net income rose to $36.3 billion as Apple reported record sales figures for its key markets, including the Americas, Europe, Japan and the Rest of Asia Pacific. Apple Q1 2025 financial report Breaking down the performance by category, Apple saw robust revenues for its Mac ($8.9 billion) and iPad ($8.0...

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