Apple posts $144 Billion quarter as iPhone 17 drives revenue growth

Apple has reported its strongest quarterly results to date, recording a historic revenue of $143.8 billion for the fiscal first quarter of 2026, ending December 27, 2025.

The figure represents a 16 percent year-on-year increase, driven mainly by strong demand for the iPhone 17 series launched in September. Net profit for the quarter reached $42.1 billion, highlighting the magnitude of the earnings beat.

The iPhone continued to be Apple’s largest revenue driver, generating $85.27 billion during the quarter, a 23 percent rise from the previous year. Growth was widespread across regions, with particularly notable performance in Greater China, where revenue surged to $25.53 billion from $18.5 billion a year earlier. This robust showing helped Apple capture additional market share during the December quarter, despite intense competition from Android devices.

Beyond hardware, Apple’s services business sustained its expansion, posting record quarterly revenue of $30.01 billion, up 14 percent year-on-year. The segment saw steady growth across digital subscriptions, entertainment, and platform services, reinforcing its position as a major profit driver alongside the iPhone.

The company also revealed that its global installed base has surpassed 2.5 billion active devices, underscoring the scale of its ecosystem and the long-term potential for services-led monetisation.

Looking forward, Apple projected revenue growth of 13 to 16 percent for the March quarter, exceeding market expectations of around 10 percent. Operating expenses are expected to range between $18.4 billion and $18.7 billion, slightly higher than the prior quarter. While demand remains robust, the company cautioned that supply constraints related to advanced chips and rising memory costs could put pressure on margins in the near term.