Apple Revenues Up 17 Percent to $111.2 Billion

Apple reported that it earned a net income of $29.6 billion on revenues of $111.2 billion in the quarter ending March 28, 2026. Those figures represent gains of 19 percent and 17 percent, respectively, year-over-year (YOY), and revenues were a company record for the quarter.

“Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” Apple CEO Tim Cook said. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”

The iPhone remains Apple’s biggest product by far, with revenues of $57 billion, a jump of 21.7 percent YOY. So this one product accounts for just under 50 percent of Apple’s revenues directly.

Apple’s Services business contributed another $31 billion in revenue, up 16.3 percent YOY. The Mac delivered revenues of $8.4 billion for a gain of 5.6 percent YOY, which is perhaps less than expected given the popularity of the MacBook Neo. Interestingly, Wearables, Home, and Accessories outperformed the iPad with $7.9 billion in revenues, up 5 percent. And the iPad landed at $6.9 billion in revenues and a gain of 8 percent.