Apple reports strong Q1 results with revenue growth driven by new products and services

From StockStory: 2025-05-05 17:53:00

Apple (AAPL) reported Q1 CY2025 results, with revenue up 5.1% year on year to $95.36 billion, beating Wall Street expectations. iPhone 16 and M3-powered iPad Air drove growth, with over half of iPad buyers new to the product. Mac revenue rose due to updated models and enterprise adoption. Services revenue hit an all-time high. Apple shifted production to India and Vietnam to mitigate tariff impacts. Future gross margins may fluctuate due to product mix and evolving trade policies. StockStory analysts will monitor AI feature expansion, manufacturing shifts, and regulatory developments. Apple currently trades at a forward P/E ratio of 26.5×.

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Read more at StockStory: Growth Across Core Products, AI Integration, and Tariff Risks