Apple Reports 'Best Quarter Ever'; Tim Cook Says 'Keen On India'; iPhone Emerges As 'Top-Selling' Model

Apple’s results for its quarter (fiscal 2025) ended Dec. 28, 2024, show that the company’s quarterly revenue jumped to $124.3 billion, up 4% year over year. Its quarterly diluted earnings per share was $2.40, up 10% year over year.

 “Today Apple is reporting our best quarter ever, with revenue of $124.3 billion, up 4% from a year ago,” said Apple CEO Tim Cook in his earnings commentary. “Through the power of Apple silicon, we’re unlocking new possibilities for our users with Apple Intelligence, which makes apps and experiences even better and more personal,” he added.

According to Kevan Parekh, Apple’s chief financial officer, the company’s record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth, allowing Apple to return over $30 billion to shareholders. He added that Apple’s installed base of active devices reached a new all-time high across products and geographic segments.

Notably, Apple’s board of directors has declared a cash dividend of $0.25 per share. The dividend is payable on Feb. 13, 2025, to shareholders.

Cook said that the iPhone active install base grew to an all-time high in total and in every geographic segment, and the company set an all-time record for upgraders. “According to a recent survey from Kantar, during the December quarter, iPhone was a top-selling model in the U.S., urban China, India, the UK, France, Australia, and Japan,” Cook said.

He added that in April, the company will be bringing Apple Intelligence to more languages, including French, German, Italian, Portuguese, Spanish, Japanese, Korean, and simplified Chinese, as well as localised English to Singapore and India.

Cook said that the company had great results in many emerging markets, and is particularly keen on India.

“India set a December-quarter record during the quarter, and we’re opening more stores there. The iPhone was the top selling model in India for the quarter, and it’s the second largest smartphone market in the world and the third largest for PCs and tablets, and so there’s a huge market,” Cook added.

Cook revealed that Apple will open as many as 4 more stores in India.