Apple reported record first quarter results with revenue of $143.8 billion, a 16% year-over-year increase, and diluted EPS of $2.84, up 19% year-over-year, both exceeding analyst expectations.
Key Highlights
- iPhone sales reached an all-time high of $85.3 billion, growing 23% year-over-year from $69.1 billion, driven by what the company called "unprecedented demand."
- Revenue from Greater China surged 38% year-over-year to $25.5 billion, signaling a significant rebound in regional demand.
- Services revenue also achieved a new record of $30.0 billion, a 14% increase from the year-ago quarter.
- The company's installed base of active devices now exceeds 2.5 billion.