US EditionApple's iPhone Sales Surge to New Quarterly High Despite Early Missteps in Artificial Intelligence
iPhone sales rose 23% to $85.3 billion in Q1 2026, driven by strong demand and design upgrades despite delayed AI features, Apple said.
- On Thursday, Apple Inc. reported $85.3 billion in iPhone revenue for the October–December holiday quarter, marking its highest three-month sales since the device debuted in 2007.
- Consumers snapped up iPhone 17 models with a `liquid glass` design and a free software upgrade, while Services and an installed base of more than 2.5 billion active devices underpinned sales strength.
- Apple reported total revenue of $143.8 billion and profit of $42.1 billion, or $2.84 per share, with gross margin at 48.2% and nearly $54 billion in operating cash flow enabling almost $32 billion returned to shareholders.
- Tapping Google’s models, Apple disclosed a multiyear collaboration embedding Gemini models in `Apple Intelligence`, acquired Q.ai, Israeli startup for `silent speech` tech, and plans a Siri upgrade later this year.
- Shares rose about 1.8% after hours as executives said this quarter buys Apple more time on AI strategy choices while a memory-chip shortage pressures costs and margins.
14 Articles
14 Articles
The Morning Sun
Apple’s iPhone sales surge to new quarterly high despite early missteps in artificial intelligence
“The demand for iPhone was simply staggering,” Apple CEO Tim Cook crowed during a conference call with analyst while predicting the device will become a cutting-edge platform for AI.
Apple's iPhone sales surge to new quarterly high despite early mi
Apple’s iPhone sales soared to a new quarterly record during the holiday season, despite artificial intelligence blunders that prompted the technology trendsetter to get a helping hand from Google. The October-December results announced Thursday reflect the allegiance of Apple’s fans, who eagerly snapped up the latest iPhone 17 models even though the company still hasn’t delivered on its 2024 promise to smarten up the device’s Siri assistance wi…
Associated Press News
Apple's iPhone sales surge to new quarterly high despite early missteps in artificial intelligence
Apple’s iPhone sales soared to a new quarterly record during the holiday season, despite artificial intelligence blunders that prompted the technology trendsetter to get a helping hand from Google.
ANP Image ANP The New York stock exchanges opened with losses on Friday. The Dow Jones Industrial Average was down 0.1 percent shortly after opening at 49,017 points, while the S&P 500 fell 0.2 percent to 6,957 points. The Nasdaq lost 0.3 percent to 23,620 points. The opening was influenced by Apple's quarterly results and President Donald Trump's nomination of Kevin Warsh as the new chairman of the US Federal Reserve. Apple's shares fell 1.3 pe…
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