Apple breaks records: Q1 report shows staggering iPhone sales growth and revenue of $143.8 billion

Apple has released its financial report for the first quarter of the 2026 fiscal year, recording a record revenue of $143.8 billion and profit growth amid “staggering” demand for iPhone. The company exceeded analysts' expectations and called the quarter one of the most successful in its history.

What is known

The company reported a 16% growth in revenue, setting a new all-time high. Net profit amounted to $42.1 billion, and earnings per share rose to $2.84, increasing by 19% year-on-year.

Apple CEO Tim Cook noted that the demand for iPhone was “incredible” and ensured a 23% growth in smartphone sales, setting records in all regions — from America to Europe and Asia. China showed particularly strong results, where sales grew by 38%.

What business areas showed

• iPhone: record revenue, 23% year-on-year growth;
• Services (iCloud, App Store, Apple Pay): 14% growth, new all-time high;
• iPad: 6% growth;
• Mac: decrease by 7%;
• Wearables / Smart Home / Accessories: decline by 2%.

The overall gross margin increased to 48.2%, which is also a record.

Apple continues to strengthen its position in the premium segment, and the growth in services confirms the company's strategic shift from a focus on gadgets to an ecosystem model. Despite a decline in Mac and accessories sales, record demand for iPhone and stable growth in services ensured one of the strongest quarters in the company's history.

Source: Apple