Apple (AAPL) Q1 2025 Earnings Call Transcript
Good afternoon, and welcome to the Apple Q1 fiscal year 2025 earnings conference call. My name is Suhasini Chandramouli, Director of investor relations. Today's call is being recorded. Speaking first today are Apple CEO, Tim Cook; and he'll be followed by CFO, Kevan Parekh.
Apple (AAPL) spent $23.6 billion on share buybacks during Q1 FY25
Apple confirmed the buybacks on the final page of its Q1 2025 earnings report. The $23.6 billion spent on share repurchases is consistent with recent trends at the company. Last year, Apple reported $69 spent on buybacks during a nine-month period.
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The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share. The maker of iPhones, iPads and other products posted revenue of $124.3 billion in the period,
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Apple reported record revenue of $124.3 billion, which is up 4% year-over-year. Analysts expected $124 billion to $124.39 billion in revenue in Q1 2025. Thus, this is a narrow beat at the high end of expectations.
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