Apple Earnings Q1 – 2025

It’s earnings season again and Apple News has again reported record total net sales for first quarter earnings.

From Apple News:

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2025 first quarter ended December 28, 2024. The Company posted quarterly revenue of $124.3 billion, up 4 percent year over year, and quarterly diluted earnings per share of $2.40, up 10 percent year over year.

“Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4 percent from a year ago,” said Tim Cook, Apple’s CEO. “We were thrilled to bring customers our best-ever lineup of products and services during the holiday season. Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal. And we’re excited that Apple Intelligence will be available in even more languages this April.”

“Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders,” said Kevan Parekh, Apple’s CFO. “We are also pleased that our installed base of active devices has reached a new all-time high across all products and geographic segments.”

iPhone $69,138 million down 1%
Mac $8,987 million up 16%
iPad $8,088 million up 15%
Wearables, Home and Accessories $11,747 million down 2%
Services $26,340 million up 14%
Total Net Sales $124,300 million up 4%

See also, the six colours charts.

Et Tu, Tim?

Tim Cook’s personal donation of $1,000,000 to Trump’s bribe fund inauguration fund has left a bad taste in the mouth of Apple fans across the net.

First, the situation from Mike Allen via Axios:

Apple CEO Tim Cook will personally donate $1 million to President-elect Trump’s inaugural committee, sources with knowledge of the donation tell Axios.

Why it matters: The donation reflects a long, collaborative relationship between Trump and Cook that included many meetings during Trump’s first term, and dinner at Mar-a-Lago last month.

Other CEOs and companies have made seven-figure inauguration contributions in their efforts to build bridges to the incoming administration.

John Gruber via Daring Fireball:

It seems pretty obvious that it was Apple/Cook that leaked this to Axios, not Trump’s side, given the eye-roll-inducing “proud American tradition” spin, but more especially the nugget that only Cook personally, not Apple as a company, is contributing. That’s Cook asking for any and all ire to be directed at him, personally, not Apple. Good luck with that.

Marco Arment via Mastodon:

Is it that hard to believe?

Why do we think Tim Cook couldn’t possibly support Trump, while all of these other billionaires support him for their own billionaire self-interests?

Why do we keep making excuses for him?

Why do we keep making excuses for Apple?

Nick Heer via Pixel Envy:

Call this what you want: bipartisanship, diplomacy, pragmatic, outright support, or “the spirit of unity”. But one thing you cannot call it is principled. We have become accustomed to business leaders sacrificing some of their personal principles to support their company in some way — for some reason, it is just business is a universal excuse for terrible behaviour — but all of these figures have already seen what the incoming administration does with power and they want to support it. For anyone who claims to support laws or customs, this is not principled behaviour.

Daniel Jalkut via Daniel Punkass :

On the occasion of Apple’s slithering CEO Tim Cook donating $1M to a neo-fascist insurrectionist, it’s FINALLY time to deploy the often overused expression “this never would have happened if Steve Jobs were still in charge.”

Monton Reece via Manton.org:

Tim Cook has led Apple to incredible success, but his words are hollow. Even the principles he seems to care most passionately about, like user privacy, are in doubt. I’m increasingly thinking it’s an act.

I’ve been an Apple developer since the 1990s when the company was doomed. Fans propped up the company because we believed they were different. They focused on design and creativity. They were the rebels and troublemakers, trying to push the human race forward through technology.

Most of the employees at Apple still care about these things. Tim Cook cares about appeasing a would-be autocrat and taxing developers in an app distribution monopoly. It’s time for new leadership.

Cabel Sasser via Mastodon:

I wonder how Tim would answer the question: “why are you donating to this one, but didn’t donate to the last one?”. That’d be fascinating to see.

It’s a sad day for Tim Cook, Apple, and the of course the USA. How can they expect the world to choke down their claim of American exceptionalism when its leaders both in and out of government are so transparently corrupt?

Apple Earnings Results Q4 2024

On Thursday Apple announced financial results for its fiscal 2024 fourth quarter ended September 28, 2024.

From Apple Newsroom:

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 fourth quarter ended September 28, 2024. The Company posted quarterly revenue of $94.9 billion, up 6 percent year over year, and quarterly diluted earnings per share of $0.97. Diluted earnings per share was $1.64, up 12 percent year over year when excluding the one-time charge recognized during the fourth quarter of 2024 related to the impact of the reversal of the European General Court’s State Aid decision.

Apple noted that it’s overall revenue was cut into deeply by the $10.1 billion fine related to Apple finally having lost a long-time tax case in the European Union.

See also Jason Snell’s charts.

Submerged

One of the complaints I’ve heard about the Apple Vision Pro is that there isn’t enough content made for the device. Apple has been quietly working on it and today debuts the first scripted film captured in Apple Immersive Video.

From Apple News:

Submerged: This immersive fiction thriller, available to Apple Vision Pro users around the world for free, invites viewers onto a WWII-era submarine and follows its crew as they wrestle to combat a harrowing attack. This adrenaline-pumping thrill ride showcases the unique storytelling experiences made possible by Apple Immersive Video.

Here is the behind the scenes documentary:

Apple Earnings Q3 2024

From Apple News:

Apple today announced financial results for its fiscal 2024 third quarter ended June 29, 2024. The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year.

Quarterly revenue of $85.8 billion sets a new record for a third quarter reporting. The third quarter is traditionally Apple’s quietest time of year for earnings.

Throughout the call the executives hailed “Apple Intelligence” as an exciting headwind moving into future earnings reports.

iPhone $39,296 million up 1%
Mac $7,009 million up 2%
iPad $7,162 million up 24%
Wearables, Home and Accessories $8,097 million down 2%
Services $24,213 million up 14%
Total Net Sales $85,777 million up 5%

Here are the Six Color Charts.

Apple Maps on the Web

From Apple Newsroom:

Today, Apple Maps on the web is available in public beta, allowing users around the world to access Maps directly from their browser.

Now, users can get driving and walking directions; find great places and useful information including photos, hours, ratings, and reviews; take actions like ordering food directly from the Maps place card; and browse curated Guides to discover places to eat, shop, and explore in cities around the world. Additional features, including Look Around, will be available in the coming months.

I think it’s worthy of saying “finally”!

Apple doesn’t hesitate taking the slow and steady approach when it comes to incremental improvements. If you’re still jaded by the less than stellar performance when Apple Maps premiered on iOS, it’s high time you start using the app. And starting now, if you’re wanting to share links to various locations or directions, you can do it on the web. It’s by far my favourite maps app.

(Previously: Apple’s New Map, Expansion #10 Canada)

Delta 1.6 Adds iPad Support

The video game emulator Delta lets one play NES, SNES, N64, Game Boy, GBA, and Nintendo DS ROMs (which are easy enough to find online) on your iOS device. The newest version now supports iPadOS features such as full screen and runs multiple games at once. Thanks to airplay, the games can be streamed straight to your AppleTV or other supported device.

Trying to play old Nintendo titles with touch screen controls proved less than ideal but after I hooked up a bluetooth Xbox controller, I found the experience to be like I remembered. It gave me quite the dose of nostalgia. I still died on that very first Goomba in Super Mario Bros, though.

Apple Earnings Report Q2 2024

Thursday’s press release from Apple Newsroom:

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53.

The three month year over year from Apple’s consolidated statement:

iPhone $45,963 million down 10%
Mac $7,451 million up 4%
iPad $5,559 million down 17%
Wearables, Home and Accessories $7,913 million down 10%
Services $23,867 million up 14%
Total Net Sales $90,753 million down 4%

Despite earning less, the stock price jumped 6% on the news.

See the Six Color Charts.