Apple Reports Record Quarter Driven By iPhone

Apple reported record revenue of $143.8 billion for the quarter ended Dec. 27, fiscal Q1 2026, up 16%, with net income of $42.1 billion and diluted EPS of $2.84. iPhone sales rose 23% to $85.27 billion and Services hit a record $30.0 billion; Apple also acquired Israeli AI startup Q.ai and announced a Gemini-based partnership with Google.