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Apple: EPS up 10% in Q1

(CercleFinance.com) - On Thursday evening, Apple reported Q1 2024-25 EPS that is up 10% at $2.
40, slightly ahead of consensus, on revenues that rose 4% to $124.3bn, the highest EPS and revenues in the company's history.

The designer of the iPhone, iPad and Mac is particularly proud of its record services revenues, which rose nearly 14% to over $26.3bn, i.e. over 21% of total revenues.

We offered our customers our best range of products and services during the holiday season, and are opening up new possibilities for our users thanks to Apple Intelligence, says Tim Cook, the tech giant's CEO.

Our installed base of active devices reached a new all-time record in all products and geographical segments, CFO Kevan Parekh added, who also points to a distribution of over $30bn to shareholders.


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