Despite weakness in China
Apple celebrates “best quarterly figures ever”
The success of the latest iPad and Mac generation has given Apple a surprisingly strong quarterly result. Together with the continued robust service division, this more than compensated for the weakness in iPhone sales and business in China.
"Today, Apple is announcing its best quarterly figures ever," said CEO Tim Cook on Thursday. Revenue rose by four percent to 124.3 billion dollars and profits by around ten percent to 2.40 dollars per share.
Apple shares initially rose by three percent in after-hours trading. Revenues from the sale of iPhones fell to 69.14 billion dollars at the end of 2024, while the recovery in China hoped for by analysts failed to materialize. Business there shrank by around eleven percent to 18.51 billion dollars.
Thanks to new types of processors, sales of Mac laptops and desktops and iPads were each more than eight billion dollars higher than analysts had expected. The same applied to the service division, which includes the Apple TV+ streaming service. It grew by almost 14 percent to 26.34 billion dollars.
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