Apple Posts $114.5 Billion in Quarterly Revenue as iPhone Sales Reach New Heights

Apple closes fiscal 2026 with record iPhone and Services revenue, demonstrating the strength of its premium smartphone strategy despite supply chain challenges.

Apple reported a strong fiscal fourth quarter for 2026, generating $114.5 billion in revenue, a 12% increase year over year. Net profit reached $30.7 billion, while diluted earnings per share climbed 14% to $2.10.

Leading the performance was the iPhone division, which generated a record $57.58 billion in revenue, up 17% from the previous year. The achievement came despite Apple's September launch being limited to the iPhone 18 Pro and Pro Max, with preorder revenue from its first foldable smartphone, the iPhone Duo, excluded from the results.

Services and Mac Fuel Further Growth

Apple's Services division reached a new high of $31.57 billion, supported by its digital ecosystem, including the App Store, Apple TV and Apple Music.

Mac revenue also demonstrated strong momentum, rising 24% to $10.79 billion. However, the iPad division recorded a 10% decline, generating $6.23 billion.

Despite rising memory costs and supply chain constraints, Apple maintained a gross margin of 47.9%. Strategic inventory management, lower costs for other components and tariff refunds helped support profitability throughout the quarter.