AAPL Earnings: Apple Q1 revenue, profit beat estimates; iPhone sales drop

Gadget giant Apple Inc. (NASDAQ: AAPL) on Thursday reported stronger-than-expected revenue and earnings for the first quarter of 2025.

The tech firm reported net sales of $124.30 billion for the December quarter, compared to $119.58 billion in the same period of 2024. The top line exceeded estimates. There was a 1% decrease in iPhone sales.

First-quarter profit, on a per-share basis, came in at $2.40, vs. $2.18 a year earlier. Net profit was $36.3 billion in Q1, compared to $33.9 billion in the year-ago period.

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