Apple's stock is experiencing an uptick following the company's release of its fiscal 2025 first-quarter results, which exceeded Wall Street expectations. Despite challenges in iPhone sales and a decline in revenue from Greater China, Apple's overall revenue rose 4% year-over-year to $124.3 billion, slightly surpassing analyst estimates. The tech giant's services segment was a standout performer, achieving a record $26.34 billion in revenue, marking a 14% increase from the previous year. CEO Tim Cook highlighted the company's record-breaking performance across various regions, including the Americas, Europe, and Japan, and noted the momentum in emerging markets.
The company's earnings per share (EPS) also outperformed expectations, rising to $2.40 from $2.18 a year ago, against the anticipated $2.35. Apple's positive outlook for the upcoming quarter, with projected revenue growth in the low to mid-single digits and services revenue expected to grow in the low double digits, has further bolstered investor confidence. Additionally, the announcement of a cash dividend of $0.25 per share has added to the positive sentiment surrounding the stock.
Apple (AAPL) shares are currently trading at $245.86, up 3.48% from the previous close of $237.59 on January 30th.