Apple (AAPL) Revenue — Quarter Ended Dec 28, 2024
Revenue rose from the prior quarter and increased compared with the same period a year ago. The growth was driven by both product and service sales.
Key takeaway
Quarter ended Dec 28, 2024 · FY2025 Q1
Revenue rose from the prior quarter and increased compared with the same period a year ago. The growth was driven by both product and service sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$124.3B
Revenue reported for this quarter.
Quarter-over-quarter
+30.9%
Change from the immediately preceding quarter.
Year-over-year
+4.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$395.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 30, 2024 | $90.8B | -4.3% |
| Jun 29, 2024 | $85.8B | +4.9% |
| Sep 28, 2024 | $94.9B | +6.1% |
| Dec 28, 2024 | $124.3B | +4.0% |
Revenue performance
The company reported higher total net sales, with increases in both products and services segments. Gross margin improved as revenue outpaced cost growth.
Quarterly comparison
Compared with the preceding quarter, revenue increased sharply on a sequential basis. Year-over-year, revenue also grew, though at a more moderate pace.
What to watch
The company made a substantial tax payment related to a state aid decision and still has a remaining obligation due within the next twelve months.