iPhone 17 Pro Max in orange with triple-lens camera, shot in warm lighting with a sleek, premium look.
iPhone 17 Pro Max in orange with triple-lens camera. (Photo by Sam Grozyan)

Apple reported record financial results for its fiscal first quarter ended December 27, 2025, driven by strong iPhone demand and continued growth in its Services business.

The company posted revenue of US$143.8 billion, up 16% year-on-year, the highest quarterly revenue in Apple’s history. Diluted earnings per share rose 19% to US$2.84, also a record for the company .

iPhone revenue reached an all-time high during the quarter, with Apple saying demand was strong across all geographic markets. The performance came during the key holiday shopping season, traditionally Apple’s most important sales period of the year .

Apple’s Services segment, which includes the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+, also delivered record revenue.

Services revenue grew 14% compared to the same quarter last year. The company said its installed base surpassed 2.5 billion active devices worldwide, reinforcing the scale of its ecosystem and supporting recurring revenue from services and subscriptions.

Apple generated nearly US$54 billion in operating cash flow during the quarter and returned almost US$32 billion to shareholders through dividends and share repurchases. The company also declared a cash dividend of US$0.26 per share, payable on February 12, 2026 .

The results underline Apple’s ability to maintain strong growth despite its size, supported by flagship hardware sales and an expanding services business that continues to play a larger role in its overall revenue mix.

Shahriena Shukri is a journalist covering business and economic news in Malaysia, providing insights on market trends, corporate developments, and financial policies. More about Shahriena Shukri