Apple reported fiscal first-quarter earnings Thursday. Analysts are focused on iPhone momentum following a sluggish start to the year for Apple's stock.

Apple (AAPL) shares rose early Friday as the technology giant recorded better-than-expected fiscal first-quarter results, with gains in Mac and iPad sales helping to counter a decline in iPhone revenue.

Apple reported $18.5 billion in sales in greater China last quarter, comfortably below consensus estimates of $20.9 billion.

The company has heavily advertised AI features since the latest iPhones were released in September.

Apple reported fiscal first-quarter earnings on Thursday that beat Wall Street estimates. The iPhone maker posted first-quarter earnings of $2.40 a share on revenue of $124.3 billion. Analysts surveyed by FactSet were expecting earnings of $2.

EPS of $2.40, up 10% from a year ago and above the FactSet consensus of $2.35. Revenue grew 4% to $124.30 billion, to top the FactSet consensus of $124.26 billion and extend its streak of top-line beats to eight quarters.

Apple beat Wall Street's earnings target for its fiscal first quarter while matching views on sales. Apple stock rose in extended trading.

Apple continues to spend less than its Magnificent 7 peers on artificial intelligence. Recent reports from Chinese start-up DeepSeek have caused investors to positively reassess that strategy American

Apple shares rose over 3% in premarket trading, after the company reported better-than-expected earnings but said iPhone sales fell slightly in the December quarter. iPhone sales were down nearly 1% on the year at $69.

The company’s stock is getting a boost from the DeepSeek news, but AI isn’t driving a rush to upgrade iPhones yet.

Stock futures edged higher Thursday night as investors analyzed earnings reports from Apple and other well-known companies ahead of the release of a closely followed inflation report. Futures tied to the S&P 500 ticked higher by 0.1%, while Nasdaq 100 futures gained 0.2%. Dow Jones Industrial Average futures added 31 points, or 0.1%.

Apple reported robust fiscal 2025 first-quarter earnings that beat expectations, despite mixed performance in key segments.