Apple posts record revenue as iPhone beats sales expectations
Apple posts record revenue as iPhone beats sales expectations
Publish Date: 2026-01-30 04:07:00
Source Domain: www.siliconrepublic.com
Plus, Apple just bought Israeli start-up Q.AI in a deal that reportedly values the start-up at nearly $2bn.
Apple’s latest financial report card passed its own expectations, the company said, after it posted a 16pc year-on-year jump in quarterly revenue, hitting $143.8bn. At the earnings call yesterday (29 January), CEO Tim Cook said that the quarter past was one for the “record books”.
The iPhone had a majorly successful quarter with a sales jump of 23pc driven by “unprecedented demand”, breaking sales records across geographical segments. Meanwhile Services – which includes iCloud, App Store and Apple Pay – also grew by around 14pc. Although, Macs suffered a decline in sales by around 6.7pc, and the wearables segment by around 2.2pc.
The demand for the iPhone was “simply staggering”, Cook said, which set all-time revenue records in the Americas, Europe, Japan and the rest of the Asia-Pacific. Other areas, including India and China also saw double-digit growth.
However, not all was peachy, as the company warned that compounding memory prices would have “more of an impact” to gross margins in the current period. “We do continue to see market pricing for memory increasing significantly”, said Aaron Rakers, the company’s managing director and technology analyst.
Still, Apple expects further revenue growth of around 13-16pc in the coming March quarter, which should take the earnings to more than $100bn.
Although, the concerns caused Apple share prices to fluctuate. As of the time of publication, shares are up by around 0.7pc since yesterday.
In the earnings call, the company also made a note of its $600bn investment commitment to building manufacturing capacity in the US. Apple said that it is shipping servers to power Apple Intelligence from its new manufacturing facility in Houston, while working in Kentucky to make all of its cover glass for the iPhone and Apple Watch.
