Apple Shares Surge Over 4% in Pre-Market After Tim Cook Calls Q1 'Best Quarter Ever' for iPhone Maker

Apple Inc. (NASDAQ: AAPL) shares jumped over 4% in pre-market trading on Tuesday, January 31, following CEO Tim Cook's announcement that the company had reported its best quarter ever. The strong performance was driven by robust holiday sales and the introduction of new features like Apple Intelligence, which makes apps and experiences more personal and better for users. The company's services revenue also grew by 24% year-over-year, reaching $26.3 billion, thanks to paid subscriptions that grew double digits. Apple now has over a billion subscriptions across its services.



Apple's board of directors declared a cash dividend of $0.25 per share, payable on February 13, 2025, to shareholders of record as of February 10, 2025. The company's installed base of active devices reached a new all-time high across all products and geographic segments, which can drive future service revenue. Apple will provide live streaming of its Q1 2025 financial results conference call beginning at 2:00 p.m. PT on January 30, 2025, at apple.com/investor/earnings-call. The webcast will be available for replay for approximately two weeks thereafter.



Apple's strong performance in the first fiscal quarter of 2025 is a testament to the company's ability to innovate and adapt to changing market conditions. The introduction of new features like Apple Intelligence, combined with the company's strong brand and customer loyalty, has driven growth and future-proofed the company. However, investors should be aware of potential challenges, such as geopolitical tensions, competition from other technology companies, and regulatory pressures, which could impact Apple's business model or product offerings. As always, it is essential to do your own due diligence and not rely solely on the information provided as financial advice.