Apple Inc (NASDAQ:AAPL, XETRA:APC) reported record first-quarter results on Thursday, with sales jumping 16% as demand for its iPhone and services surged, sending the company’s shares up about 2% in after-hours trading.
The iPhone maker posted revenue of $143.8 billion for its fiscal first quarter ended December, beating analysts’ expectations of $138.4 billion, while diluted earnings per share rose 19% to $2.84, compared with forecasts of $2.68.
Apple said both iPhone and services revenue hit all-time highs during the quarter, helping lift net income to $42.1 billion. Operating cash flow was nearly $54 billion, allowing the company to return almost $32 billion to shareholders through dividends and share buybacks.
iPhone revenue climbed to $85.27 billion, well ahead of estimates of $78.31 billion, underscoring what the company described as strong global demand for its flagship device. Total product revenue reached $113.74 billion, topping expectations of $107.69 billion.
Services revenue rose to a record $30.01 billion, reflecting continued growth across subscriptions and digital offerings. Revenue from wearables, home and accessories totalled $11.49 billion, while Mac sales came in at $8.39 billion and iPad revenue reached $8.6 billion.
By region, the Americas remained Apple’s largest market, generating $58.53 billion in sales, slightly below expectations of $59.06 billion. Europe contributed $38.15 billion, Greater China $25.53 billion, Japan $9.41 billion and the rest of Asia Pacific $12.14 billion.
Apple said its installed base of active devices surpassed 2.5 billion, another record, highlighting the company’s expanding ecosystem as it looks to sustain growth amid intense competition and a slowing global smartphone market.