Apple Posts Record iPhone Revenue
Apple’s iPhone revenue soared 22% year-over-year to approximately $57 billion in its fiscal second quarter of 2026, marking a record for the March period. This surge comes after the launch of the iPhone 17 in September 2025, which spurred a significant upgrade wave. The demand exceeded Apple’s production capabilities, partially due to component shortages, while the number of active devices surpassed 2.5 billion.
Foldable iPhone Expected This Fall
Apple is anticipated to unveil its first foldable iPhone alongside the iPhone 18 Pro and Pro Max this fall, potentially introducing the biggest design change since the iPhone X in 2017. Speculation suggests a starting price exceeding $2,000, which could elevate average unit prices. However, production challenges and potential delays could affect the rollout, making this upcoming hardware release crucial for maintaining sales momentum.
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