Apple Reports Strong Quarterly Earnings
Apple Inc. (NASDAQ: AAPL) announced a significant year-over-year sales increase of 16%, totaling $143.8 billion for the first quarter of its 2026 fiscal year, ending December 27, 2025. CEO Tim Cook attributed this performance largely to robust demand for the iPhone, with revenue in that segment rising 23% year-over-year. This growth exceeded the company’s prior revenue forecast of 10% to 12% for the quarter.
With the successful launch of the iPhone 17 and a current prediction of 13% to 16% sales growth for the next quarter, Apple is demonstrating a strong market presence despite ongoing challenges, including legal issues and tariffs. The company now boasts 2.5 billion active devices, enhancing its opportunities in the high-margin services sector.
