Apple posted record $85.3 billion in iPhone revenue for Q1 2026, CEO Tim Cook announced January 29.
Total company revenue hit $143.8 billion, up 16 percent year over year. Services reached $30.0 billion.
iPhone revenue jumped 23 percent, driven by hardware upgrades including always‑on display and higher refresh rates now standard on the base iPhone 17.
A delayed launch of AI‑upgraded Siri did not slow sales. Buyers responded to tangible improvements in screens and features now available across more models, signaling that practical hardware enhancements outweigh AI promises in driving purchase decisions.















