Services buoy slumping iPhone sales in record-breaking holiday quarter earnings

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Apple has reported its financial results for the first quarter of 2025, with the holiday sales boosting revenue to a record $124.3 billion in the first results call with new CFO Kevan Parekh.

Two smiling men in front of a large, circular building with a green courtyard and rainbow structure in the background.

Apple CEO Tim Cook [left], CFO Kevan Parekh [right]

The first quarter of Apple’s fiscal year is typically the biggest across all periods, following the usually intensive holiday shopping period and iPhone launches. The Q1 2025 results follow exactly the same pattern.

In the first quarter, Apple’s revenue hit $124.3 billion, up from $119.58 billion reported one year ago in Q1 2024.

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