Apple Achieves Record Results Despite Declining iPhone Sales and Weakness in China

Apple has released the results for the first quarter of the fiscal year 2025. The technology company achieved a quarterly revenue of 124.3 billion USD, representing a 4% increase compared to the previous year. The net profit amounted to 36.33 billion USD, and the diluted earnings per share rose by 10% to 2.40 USD. Analysts had expected a net profit of an average of 35.6 billion USD. Apple CEO Tim Cook commented that it was the best quarter ever recorded. The company achieved record revenues in most of the observed countries and regions and is experiencing...