Apple Q1 Revenue Reached $1437.6 Billion, Up 16% Year-Over-Year; iPhone Revenue Hit Record $85.27 Billion

BlockBeats News, January 30, according to Bitget market data, Apple released its first-quarter financial report after hours, with first-quarter revenue of $1437.6 billion, surpassing the estimated $1384 billion, a year-on-year increase of 16%. First-quarter diluted earnings per share were $2.84, exceeding the estimated $2.68, a year-on-year increase of 19%. iPhone revenue hit a record high, approximately $85.27 billion, a 23% year-on-year increase. Services revenue also hit a record high, at around $30 billion, a 14% year-on-year increase. The installed base of active devices has exceeded 2.5 billion.

Apple (AAPL) closed up 0.72%, and rose another 0.6% after hours.