Apple posts record quarterly revenue and iPhone sales
But all eyes will be on margins and AI.
On Apple’s earnings call a quarter ago, CEO Tim Cook said, “We expect the December quarter’s revenue to be the best ever for the company and the best ever for iPhone.”
He was right.
For its all-important holiday quarter, Apple posted revenue that grew 16% to $143.76 billion, above analysts’ expectation of $138.4 billion. (Q1 2025 was $124.3 billion.) Sales of the company’s flagship product, the iPhone, hit a record $85.27 billion amid “unprecedented demand” — beating out the first fiscal quarter in 2022, when iPhone revenue hit $71.6 billion.
The iPhone maker posted earnings per share of $2.84, compared with analysts’ expectation of $2.67.
Shares were up 2.2% in after-hours trading.
The company also posted a significant beat in Greater China, with $25.5 billion in revenue versus analysts’ $20.8 billion estimate.
Investors have been looking for how the surging cost of memory components might affect the company. On the earnings call, Cook said that memory prices had minimal impact on gross margin, but he expected it to have a bit more impact in the current quarter.
He also said he sees total revenue for the current quarter rising 13% to 16% from a year earlier.
Investors are also looking for details on Apple’s AI strategy now that it’s partnering with Google to power the next generation of Siri and Apple Intelligence on its all-important iPhones.
