Apple Posts Record Quarter and Year on Surging iPhone Sales

Overview

• Apple reported on Monday that fiscal Q4 2026 revenue reached a record $114.5 billion, net income was $30.71 billion, and diluted earnings per share hit a record $2.10.
• The company said the iPhone drove the quarter with $57.58 billion in sales, a roughly 17.5% year‑over‑year increase that topped analyst projections.
• Services revenue grew to $31.6 billion, a 9.8% rise that missed investor expectations of about 10.3% and raised questions about the pace of higher‑margin recurring revenue.
• Greater China revenue rose 20.7% to $17.5 billion despite strong competition from local phone makers, and reported gross margins held up well despite global memory‑chip cost pressure.
• Apple announced $28 billion in shareholder returns with the results and its shares dipped in after‑hours trading before stabilizing, leaving near‑term focus on services momentum, margin sustainability, and China competition.