Apple posts Q1 2026 finances, cites $143.8 billion in revenues, $42 billion profit in best quarter ever
Publish Date: 2026-01-30 05:47:00
Source Domain: www.powerpage.org
Apple held its first quarter 2026 earnings call on Thursday, and it was a series of record-breaking returns, with Apple posting revenues of $143.8 billion, a 16 percent year-over-year increase, and $42 billion in profit.
The iPhone had its best quarter ever, with $85 billion, beating the previous record of $71.6 billion set in the first quarter of 2022.
Mac sales were down 7 percent year-over-year, which wasn’t surprising given that Apple had only released one new Mac for the quarter in the form of the M5 MacBook Pro.
Still, Services posted a record quarter with an increase of 15 percent year-over-year, and exceptional growth in Apple TV and Apple Music.
The iPad also saw an increase of 8 percent year-over-year, and Apple’s sales for Wearables, Home, and Accessories saw a slight 2 percent year-over-year decrease.
Apple stated that the company now has 2.5 billion activated devices, a new record.
The breakdowns are as follows:
- iPhone: $85 billion (up from $69 billion)
- iPad: $8.6 billion (up from $8 billion)
- Mac: $8.3 billion (down from $8.9 billion)
- Wearables, Home, and Accessories: $11.5 billion (down from $11.7 billion)
- Services: $30 billion (up from $26 billion)
The RAM price increases that the market has been experiencing did not affect Apple for the first quarter, Cook noted during a conference call for investors. However, he said Apple is now “in a supply chase mode,” and is experiencing supply constraints like the rest of the industry.
Stay tuned for additional details as they become available.
Via Macworld and investor.apple.com
