MacDailyNews presents live notes from Apple’s Q225 conference call

MacDailyNews presents live notes from Apple’s Q225 Conference Call with analysts starting at 2pm PT / 5pm ET today, May 1, 2025.

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Apple’s live conference call webcast will begin at 2pm PT / 5pm ET here.

Apple today posted quarterly revenue of $95.4 billion, up 5 percent year over year, and quarterly diluted earnings per share of $1.65, up 8 percent year over year.

For the quarter, analysts’ consensus estimates called for Apple to report revenue of $94.62 billion and EPS of $1.62, both of which Apple beat.

Live notes in reverse chronological order:

• he board of directors has also authorized an additional program to repurchase up to $100 billion of the company’s common stock
• The dividend is payable on May 15, 2025 to shareholders of record as of the close of business on May 12, 2025
• Apple’s board of directors has declared a cash dividend of $0.26 per share of the company’s common stock, an increase of 4 percent
• Apple has $98 billion total debt; net cash $35 billion
• Parekh touts enterprise use of Mac, iPhone, Vision Pro, etc.
• Apple Pay active users reached all-time record, up double digits YoY
• Apple has well over one billion paid subscriptions
• 95% customer satisfaction for Apple Watch in the U.S.
• Apple Watch active install base hit all-time high
• 97% customer satisfaction for iPad in the U.S.
• iPad active install base hit all-time high
• 94% customer satisfaction for Mac in the U.S.
• Mac active install base hit all-time high
• 97% customer satisfaction for iPhone in the U.S.
• iPhone active install base grew to an all-time high and in every geographic segment
• Total operating expenses: $15.268 billion (vs. $15.17 billion estimate)
• Parekh recaps revenue figures

• Cook: Exciting announcements coming next month at WWDC 2205

• Cook: For March quarter: limited impact from tariffs. Cannot estimate tariffs impact on June quarter. If tariffs stay the same, Apple estimates $900 million cost due to tariffs in the June quarter, but the situation is in flux

• Cook touts Apple renewable energy efforts, etc.
• Cook: We need more time to work on Siri
• Cook promotes privacy aspects of Apple Intelligence
• Cook: “Apple products are the best for generative AI”
• iOS 18.4 delivers Apple Intelligence to more languages across the globe

• Apple offers live sports in the Apple TV app
• Cook talks up “Severance,” The Studio,” and the upcoming “F1” movie, starring Brad Pitt
• Cook: Strong services performance across all of Apple’s categories
• Services revenue: $26.645 billion (vs. $26.72 billion estimate)
• Apple Retail Stores coming in UAE, India, and the UK
• Cook promotes Apple Vision Pro
• Cook: Apple Watch Series 10 is an essential health and fitness partner
• Wearables, home and accessories: $7.522 billion (vs. $8.05 billion estimate)
• New iPad Air with M3 is a powerful personal computer
• iPad revenue: $6.402 billion (vs. $6.15 billion estimate)
• Cook promotes new Macs and powerful Apple Silicon
• Cook: “Another great quarter for Mac”
• Mac revenue: $7.949 billion (vs. $7.77 billion estimate)
• Cook talks up new iPhone 16e and Apple C1 modem
• iPhone revenue: $46.841 billion (vs. $45.82 billion estimate)

• Apple has more than 9,000 suppliers across America from all 50 states
• Apple will spend over $500 billion in America over the next 4 years
• Services set new quarterly revenue record
• Quarterly diluted earnings per share of $1.65, up 8 percent year over year.
• Quarterly revenue of $95.4 billion, up 5 percent year over year
• Tim Cook: Good afternoon, everyone

• AAPL after hours: $207.85, -$5.47 (-2.56%) @ 5:01:07 PM EDT
• AAPL after hours: $207.99, -$5.33 (-2.50%) @ 4:50:08 PM EDT

• Awaiting start of conference call.

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