Apple posts record Q1 earnings fueled by unprecedented iPhone demand‎

Apple announced its Q1,2026 fiscal quarter results, and it was headlined by the strongest iPhone quarter ever. While Apple calls it Q1, 2026, this fiscal quarter ended on December 27, 2025, aka the holiday period, which is traditionally Apple’s strongest quarter. Total revenue reached $143.8 billion – up 16% from the same time last year, while net profits came in at just over $42 billion. The strong results were fueled by “unprecedented” demand for the iPhone. Apple reported its iPhone revenue reached $85.3 billion, which is an all-time high. The favorable result was largely driven by the...