- Apple’s first-quarter revenue reached $124.30 billion, marking a 4% increase year-over-year, meeting the estimate of $124.1 billion.
- Product revenue slightly increased by 1.6% year-over-year, totaling $97.96 billion, close to the $98.02 billion estimate.
- iPhone revenue decreased by 0.8% year-over-year to $69.14 billion, missing the estimate of $71.04 billion.
- Mac revenue saw a significant increase, rising 16% year-over-year to $8.99 billion, surpassing the $7.94 billion estimate.
- iPad revenue increased by 15% year-over-year, reaching $8.09 billion, exceeding the estimate of $7.35 billion.
- Revenue from wearables, home, and accessories declined by 1.7% year-over-year to $11.75 billion, below the estimate of $11.95 billion.
- Service revenue grew by 14% year-over-year to $26.34 billion, surpassing the estimated $26.1 billion.
- Revenue from Greater China dropped by 11% year-over-year to $18.51 billion, significantly missing the estimate of $21.57 billion.
- Earnings per share (EPS) increased to $2.40 from $2.18 year-over-year, beating the estimate of $2.35.
- Total operating expenses rose by 6.6% year-over-year to $15.44 billion, slightly above the estimated $15.34 billion.
- Gross margin improved by 6.2% year-over-year, reaching $58.28 billion, exceeding the $57.98 billion estimate.
- Cash and cash equivalents declined by 26% year-over-year to $30.30 billion, below the estimate of $36.45 billion.
- Cost of sales increased by 2% year-over-year to $66.03 billion, close to the estimate of $65.98 billion.
- Total current assets decreased by 7.3% year-over-year to $133.24 billion, missing the estimate of $165.17 billion.
- Total current liabilities rose by 7.8% year-over-year to $144.37 billion, better than the estimate of $167.07 billion.
- Investment analysts have mixed positions: 36 buys, 17 holds, and 6 sells.
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Apple on Smartkarma
Analysts on Smartkarma are bullish on Apple’s future prospects. Nico Rosti‘s report “It’s AAPL A BUY? Oversold Models Indicate So, Ahead of Quarterly Earnings” signals a buying opportunity as Apple’s stock is oversold, with a BUY signal flashed by quantitative models anticipating positive earnings results on January 30th. This optimism is supported by President Trump’s announcement of Apple’s planned massive U.S. investment, aligning with a positive outlook for the tech giant.
Baptista Research‘s insights on Apple’s milestone achievements and growth in their report “Apple’s $4 Trillion Milestone: What Challenges Lie Ahead in 2025?” showcase Apple’s exceptional performance in 2024, with stock climbing 30% driven by new product launches and record-breaking revenue. The detailed architecture-focused presentation by The Circuit emphasizes Apple’s commitment to performance, efficiency, and innovation, positioning the company for continued success in the tech industry. With a solid financial performance and growth trajectory, Apple remains a prominent player in the market.
A look at Apple Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Apple Inc., known for its innovative technology products, has received a mixed assessment in terms of its long-term outlook based on Smartkarma Smart Scores. With a moderate score in value and dividend factors, the company is deemed to be stable but not exceptional in these areas. However, Apple has shown strength in growth and momentum, scoring above average in these aspects. This suggests that the company is well-positioned for future expansion and has strong market traction. Additionally, Apple has exhibited resilience, indicating its ability to withstand economic fluctuations and challenges in the market.
As a leader in the tech industry, Apple Inc. designs and markets a range of popular devices and services, targeting various customer segments globally. With a focus on smartphones, personal computers, wearables, and digital services, the company caters to consumer, business, education, and government markets. While Smartkarma Smart Scores suggest room for improvement in certain areas for Apple, its overall outlook remains positive, especially in terms of growth potential and market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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