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Apple to report earnings for first quarter of 2025

News Snapshot:

Apple will report earnings for the first quarter of fiscal year 2025 after markets close Thursday. Analysts estimate that its quarterly revenue will be $124.39bn, year-over-year growth of roughly 4%, and that earnings per share will come in at $2.35. Investors are paying close attention to the company’s forays into artificial intelligence, which have progressed at a slower pace than its competitors and received mixed reviews, particularly the debut of Apple Intelligence at the end of October. The AI-powered product, the company’s first using generative AI, was highly anticipated, but the tech has been riddled by inaccuracies and hallucinations. The…

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