Apple Posts $143.8B Q1 Revenue As China iPhone Sales Surge
Apple Posts $143.8B Q1 Revenue As China iPhone Sales Surge
https://eand.co/apple-posts-143-8b-q1-revenue-as-china-iphone-sales-surge
Publish Date: 2026-01-30 07:03:00
Source Domain: eand.co
Apple’s revenue hit a record of $143.8 billion, driven by a surge in iPhone sales in China. The company’s Q1 earnings came out yesterday, beating Wall Street estimates and driving the share price high in the aftermarket. The stock price climbed as high as $266 and then dropped to $259, where it consolidated, marking a 0.5% uptick from the last close.
Apple’s iPhone revenue also hit a record of $85.3 billion, beating the Wall Street estimate of $78.3 billion by 8.9%. Apple’s CEO highlighted the iPhone-driven revenue growth in a Reuters interview: “The demand for iPhone was simply staggering, with revenue growing 23% year over year to achieve its biggest quarter in history.”
Q1 Highlights: Apple Beats Revenue Estimates and EPS in Big Margins
Apple’s quarterly revenue of $143.8 billion (16% YoY) immediately shot up its stock price as it beat Wall Street estimates of $135-$138.4 billion by 4-5%. The estimated EPS was $2.67-$2.68, which was also beaten by large margins, as the report indicated a high earnings per share of $2.84 ( a 6-7% beat).
The smartphone giant also generated $54 billion in operating cash flow and returned $32 billion to its shareholders. The second biggest revenue generator for Apple was the service segment, which hit a revenue of $30 billion, well within the analyst estimate range. The share price went from the previous close of $258.28 to $259.69 in the after-market – a 0.5% climb.
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