Apple iPhone 17 Pro Max.
Credit: DH Photo/KVN Rohit
Apple on Thursday (January 29) announced financial results for its fiscal 2026 first quarter ending December 27, 2025.
Cupertino-based technology major reported quarterly revenue of $143.8 billion, up 16 per cent compared to the previous year's same period, well above market expectations.
“Today, Apple is proud to report a remarkable, record-breaking quarter, with revenue of $143.8 billion, up 16 per cent from a year ago and well above our expectations. The iPhone had its best-ever quarter, driven by unprecedented demand, with all-time records across every geographic segment, and Services also achieved an all-time revenue record, up 14 per cent from a year ago. We are also excited to announce that our installed base now has more than 2.5 billion active devices, which is a testament to incredible customer satisfaction for the very best products and services in the world,” said Tim Cook, CEO, Apple.
Apple Mac and Wearables showed a slight decline in sales. Apple CFO Kevan Parekh attributed supply constraints for the AirPods Pro 3 as one of the major reasons for Apple's wearables segment reporting a decline in revenue.
However, iPhone and Services registered impressive double-digit quarterly sales growth for Apple to clinch an all-time record-breaking quarterly revenue in its history.
Apple iPhone 17 Pro Max.
Credit: DH Photo/KVN Rohit
In India, too, Apple registered an all-time revenue record with a strong double-digit growth. Besides hardware (iPhones, iPads, Macs), the services segment has gained faster traction in the subcontinent.
Parek noted that the installed base of Apple devices has doubled. And added that most of the buyers were first-time users, and the company has the potential grow even bigger in India in the coming years.
"We did set a quarterly revenue record during the December quarter, and to go a little further down, we set quarterly revenue records on iPhone and Mac and iPad, and an all-time revenue record on Services. So it was a terrific quarter in India. We really like what we see there. It’s the second-largest smartphone market in the world and the fourth-largest PC market. And we still have, despite a very nice growth history, we have a modest share there, and so we think there’s a huge opportunity for us there, and we could not be more excited about it. The other thing that I would point out is that the majority of customers that are buying iPhone and Mac and iPad and Watch are all new to that product, and so it speaks very well to the opportunity there," said Tim Cook, CEO, Apple.
In the second half of 2025, Apple opened three new fully-owned retail stores -- Apple Hebbal (Bengaluru), Apple Koregaon Park (Pune) and Apple Noida (Uttar Pradesh). And, later this year, the company is all set to open another one in Mumbai, a second Apple store in the city. In total, Apple will have six stores by the end of the first half of 2026 in India.
Here's the breakdown of quarterly revenue from each of Apple's products:
iPhone: $85.26 billion, a record 23 per cent year-over-year growth in revenue
Services (Apple Care, Apple TV, Music and more): All-time $30.01 billion, 14 per cent year-over-year.
Mac computers: $8.4 billion, almost a seven per cent decline in revenue year-over-year
Wearables (Watches & AirPods), Home and Accessories: $11.5 billion, almost a two per cent decline year-over-year growth
iPad: $8.6 billion, six per cent year-over-year growth
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