Apple has reported the latest quarterly revenue of $143.8 billion, up 15.68% from a year ago, an all-time revenue record in its fiscal 2026 first quarter that ended December 27, 2025.
It posted a net profit of $42.1 billion, up 15.97% YoY, and quarterly earnings per diluted share were $2.84, up 19% YoY, which are all-time records.
During the earnings call, CEO Tim Cook said that Apple set all-time revenue records in the Americas, Europe, Japan, and the rest of Asia Pacific and grew in the vast majority of markets it tracks. He said that Apple continues to gain momentum in emerging markets, which includes India, where the company saw strong double-digit revenue growth.
Apple opened its fifth store in India in December in Noida, and the CEO said that it plans to open another store in Mumbai soon.
- Products revenue was $113.7 billion, up 16% from last year, driven by double-digit growth in iPhone, setting a new all-time record.
- The installed base of active devices reached an all-time high across all products and geographic segments and is now over 2.5 billion active devices, reaching another all-time high across all product categories and geographic segments
- Services revenue set an all-time record of $30 billion, up 14% year-over-year, setting all-time revenue records for advertising, cloud services, music, and payment services, with December quarter records on the App Store and video
- iPhone revenue was $85.3 billion, up 23% year over year, driven by the iPhone 17 family
- iPhone saw strength around the world, reaching all-time revenue records in many of the markets, including the US, Greater China, Latin America, Western Europe, the Middle East, Australia, and South Asia, as well as a December record in India.
- iPad revenue was $8.6 billion, up 6% year-over-year, driven by the M5-powered iPad Pro and the A16-powered iPad
- Mac generated $8.4 billion in revenue, down 7% year-over-year, mainly due to the competition against an M4 MacBook Pro, Mac Mini, and iMac launches in the year-ago quarter. Still, Mac saw growth in several emerging markets, including Brazil, India, Malaysia, Vietnam, and more.
- Wearables, Home and Accessories revenue was $11.5 billion, down 2% year-over-year due to constraints on the AirPods Pro 3
Speaking on Apple’s FY Q1 2026 earnings results, Apple CEO, Tim Cook, said,
Today, Apple is proud to report a remarkable, record-breaking quarter, with revenue of $143.8 billion, up 16 percent from a year ago and well above our expectations.iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 percent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world.