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Apple beats analyst forecasts for the quarter, posts highest-ever Services revenue

Started by DP, May 03, 2025, 01:02:38 AM

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DP

Apple beats analyst forecasts for the quarter, posts highest-ever Services revenue

"Today Apple is reporting strong quarterly results, including double-digit growth in Services," said CEO Tim Cook, as the company beat analysts' expectations for the three months ending in March.

The company raked in $95.4 billion in revenue (beating the $94.6 billion estimate), which is a 5% increase year-on-year. The earnings per share for the company were $1.65 (estimates were at $1.62), which is 8% higher than the year-ago quarter.



Services reached an all-time high of $26.65 billion for the quarter, up from $23.87 billion for the same quarter in 2024. This record might not be...


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