Apple Stock Climbs to the Top of the Dow After Earnings
Apple stock is higher Friday after the tech giant beat expectations for its fiscal 2025 first quarter. Here's what you need to know.


Apple (AAPL) stock is the best Dow Jones stock out of the gate Friday after the technology giant beat top- and bottom-line expectations for its fiscal 2025 first quarter.
In the three months ending December 28, Apple's revenue increased 4% year over year to $124.3 billion, boosted by Services revenue that was up 13.9% to $26.3 billion. Its earnings per share (EPS) rose 10.1% from the year-ago period to $2.40.
"Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders," said Apple Chief Financial Officer Kevan Parekh in a statement. "We are also pleased that our installed base of active devices has reached a new all-time high across all products and geographic segments."

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
These results beat analysts' expectations. Wall Street was anticipating total revenue of $124.1 billion, Services revenue of $26.1 billion and earnings of $2.35 per share, according to CNBC.
Apple also said that Mac sales increased 15.5% to $9 billion and iPad sales rose 15.2% to $8.1 billion. On the other hand, iPhone sales decreased 0.8% to $69.1 billion and Wearables, Home and Accessories [Other products] sales fell 1.7% to $11.8 billion.
Analysts were anticipating Mac revenue of $8 billion, iPad revenue of $7.3 billion, iPhone revenue of $71 billion, and Other products revenue of $12 billion.
The report also showed sales in China fell 11% year over year, while all other regions saw growth.
Is Apple stock a buy, sell or hold?
Apple shares struggled to start the new year, but they have been trending higher over the past two weeks. Longer term, AAPL is up 30% year over year, outpacing the S&P 500's 23% gain. And Wall Street remains upbeat toward the blue chip stock.
According to S&P Global Market Intelligence, the average analyst target price for AAPL stock is $251.33, representing implied upside of nearly 6% to its January 30 close. Additionally, the consensus recommendation is Buy.
Financial services firm Wedbush is one of the most bullish outfits on the large-cap stock with an Outperform rating (equivalent to a Buy) and a Street-high $325 price target.
"Heading into Apple earnings many of the long time bears and haters on Cupertino were painting a demand picture that was dire for iPhone 16 and the overall Apple story," says Wedbush analyst Daniel Ives. But overall, this was "a clean quarter for Apple that marks the beginning of a multi-year upgrade cycle from iPhone 16 to iPhone 17," he adds.
Additionally, Ives notes that Apple gave "some important granular data further supporting Apple Intelligence-driven demand as markets where" the artificial intelligence (AI) feature was available saw "clear year-over-year performance outpace markets without this AI rollout."
Related Content
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
‘Are You Better Off Than You Were 71 Days Ago?’ Cory Booker Marathon Senate Speech Highlights Tax Debate
Tax Policy A speech protesting Trump’s policies, including tax plans, breaks U.S. Senate records.
By Kelley R. Taylor Published
-
Stock Market Today: Stocks Are Mixed Before Liberation Day
Markets are getting into the freewheeling rhythm of a second Trump administration.
By David Dittman Published
-
Stock Market Today: Stocks Are Mixed Before Liberation Day
Markets are getting into the freewheeling rhythm of a second Trump administration.
By David Dittman Published
-
How to Invest in Sports
If it's springtime, Forbes is out with its annual list of baseball franchise values. The billions involved might make you wonder how to invest in sports.
By David Dittman Published
-
Winning Strategies for Financial Advisers as Clients' Lives Evolve
How can the wealth management industry help make life transitions easier for the adviser and the client?
By David Conti, CPRC Published
-
How Advisers Can Establish Relationships With HNW Prospects
These strategies can help to build influence with high-net-worth individuals, who are often looking to an adviser for insight rather than solutions.
By Jeremy Green, CFP®, CTFA, CLU®, CEBS®, AEP®, EA, MSFS Published
-
When Your Car Is Fixed, But You've Still Got the Problem
This reader's experience with trying to get squealing brakes fixed under an extended warranty mirrors what others are experiencing these days.
By H. Dennis Beaver, Esq. Published
-
Stock Market Today: Dow Rises 854 Points From Its Intraday Low
If there's one thing markets hate, it's uncertainty. But uncertainty is all they're getting these days.
By David Dittman Published
-
Seven Questions to Ask When Evaluating Personal Loan Options
Taking out a personal loan too hastily could lock you into unfavorable terms with an untrustworthy lender. Ask these questions before signing anything.
By David Kimball Published
-
How Much Does Being Rich Matter in Retirement?
After a certain point, having more money in retirement won't make you any happier, new research shows. Instead, physical health, a sense of purpose, and a minimal amount of non-mortgage debt are more relevant.
By Christy Bieber Published