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Apple's Q1 Revenue Soars 16%, iPhone Sales Surge 23%

1/31/2026

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Apple's Revenue Surge
  • Apple Inc. reported fiscal first-quarter 2026 revenue of $143.8 billion, up 16%.
  • iPhone sales rose 23% to $85.3 billion, driven by demand for the iPhone 17 in China.
  • Tim Cook, Apple Inc. Chief Executive Officer, said Apple gained market share across all regions.
  • The installed base now exceeds 2.5 billion devices.
  • Apple forecasts 13% to 16% revenue growth for the next quarter amid higher memory prices and supply-chain constraints.