For the initial quarter of 2026, Apple’s revenue derived from iPhone sales saw a 23% surge, reaching a total of $85.3 billion. This figure represents an all-time high for the corporation. The overall revenue stream also surpassed prior peaks, expanding by nearly 16% to hit $143.8 billion. Profitability for the quarter ending in December climbed 16% when compared to the corresponding period last year, amounting to $42.1 billion.
“The demand for the iPhone was simply phenomenal,” stated Apple’s CFO, Kervan Parekh (as quoted by The Wall Street Journal). He further elaborated that the global count of activated Apple devices had surpassed the 2.5 billion mark, up from 2.35 billion a year before.
Noteworthy sales performance for the smartphones was particularly evident in China, where sales experienced a 23% increase. This marks a shift, as Apple hardware had not seen such robust demand there in earlier years, according to The New York Times. “I believe the aesthetics and capabilities of the iPhone 17 lineup truly resonated with customers in China, and we are delighted by this level of excitement. Frankly, it exceeded what we had anticipated,” commented Mr. Parekh.
Apple’s outcomes outstripped the projections made by Wall Street analysts. Their forecasts had pointed towards quarterly revenue of $138.38 billion and profits settling at $39.49 billion.
The models, iPhone 17 and its higher-priced variants, began their sales campaign in September 2025. The starting price point for these devices is set at $799.
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