Apple shares powered higher in early Friday trading, following a record set of first quarter earnings and an upbeat outlook for iPhone sales from the world's biggest tech company that triggered a host of price target changes from analyst on Wall Street.

Apple today held an earnings call to report results for the first fiscal quarter of 2025 (fourth calendar quarter of 2024), with Apple CEO Tim

Apple reported robust fiscal 2025 first-quarter earnings that beat expectations, despite mixed performance in key segments.

Apple again set revenue records in its first-quarter fiscal results, with Services posting the largest increases once more. Mac and iPad sales rebounded, while revenues for both Wearables and iPhone declined,

We are bullish on Apple stock due to strong profitability, growth in services, and attractive valuation despite risks. Read an analysis of AAPL stock here.

Good afternoon, and welcome to the Apple Q1 fiscal year 2025 earnings conference call. My name is Suhasini Chandramouli, Director of investor relations. Today's call is being recorded. Speaking first today are Apple CEO, Tim Cook; and he'll be followed by CFO, Kevan Parekh.

Apple reported quarterly revenue of $124.3 billion for the first quarter of 2025, which covers the last three months of 2024, ending on December 28, since the company’s fiscal year runs from October to September. Sick and tired of subscriptions? Get a lifetime license for Microsoft Office Home and Business 2021 at a great price!

The Q1 2025 sales for iPhone fell shy of analyst expectations for the quarter by just under a couple billion dollars.