Apple reported its financial results on Thursday for its first fiscal quarter of 2025, which covers the last three months of 2024. As expected, it was an all-time revenue record at $124.3 billion, up 4% from the year-ago previous recordholder.
Probably most notable is that iPhone revenue was down 1% from the year-ago quarter, which will certainly upset some analysts and investors, given that the iPhone is more than half of Apple’s total revenue. But the Mac jumped 16%, the iPad was up 15%, and services was up 14%. The recently sluggish Wearables, Home, and Accessories category was down 2%.