Good morning. Apple SVP and CFO Kevan Parekh participated in his first earnings call on Thursday, and it was a banger. Parekh reported that Apple, whose market cap is bigger than the GDP of most countries, is bringing in more money than ever and that its profit margins keep growing.
For its fiscal 2025 first quarter, which ended Dec. 28, Apple reported revenue of $124.3 billion, up 4% from a year ago, an all-time record. Earnings per share (EPS) came in at $2.40, up 10% year over year.
