Apple Revenues Up 16 Percent to $109.4 Billion

Apple reported that it earned a net income of $29.9 billion on revenues of $109.4 billion in the quarter ending June 27, 2026. Those figures represent gains of 27 percent and 16 percent, respectively, year-over-year, and the revenue number is a record for this quarter.

“Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac, and Services, and in every geographic segment,” Apple CEO Tim Cook said. “At WWDC26, we were thrilled to introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.”

The iPhone was, of course, Apple’s biggest business in the quarter with revenues of $54.3 billion, a gain of 21.7 percent YOY. So the iPhone directly contributed about 50 percent of Apple’s total revenues.

Services delivered another $30.7 billion, a gain of 12 percent YOY. The Mac hit $10.4 billion, a gain of 28.7 percent YOY in the MacBook Neo’s first full quarter of sales. Wearables, Home and Accessories added $7.9 billion, up 6.5 percent YOY. And the iPad came in at $10.4 billion, a decline of 6 percent YOY despite my iPad Pro purchase.

Apple CFO Kevan Parekh noted that the company’s installed base of devices reached “an all-time high across all major product categories and geographic segments.”