Apple just had a record iPhone quarter

Apple says the iPhone had its “best quarter ever,” with revenue reaching more than $85.3 billion over the past few months. the The company announced the news As part of its first-quarter 2026 earnings report, which also revealed record revenue of $143.8 billion, up 16 percent compared to the same period last year.

“Demand for iPhone has been simply amazing, with revenue growing 23 percent year-over-year,” Apple CEO Tim Cook says during a call with investors. “This is our strongest iPhone lineup ever, and our most popular ever.”

This “incredible level of demand” has led to limited supply of the iPhone 17, according to Cook. He adds that the company is “seeing less flexibility in the supply chain” when it comes to the availability of the advanced process nodes it uses for its chips. Meanwhile, Apple’s services revenue, which includes subscriptions like Apple Music, iCloud and Apple TV, rose 14% year over year, while Mac and wearables revenue fell.

In the coming months, Apple will bring the personalization features promised by AI technology to Siri. Apple is Partnership with Google To power this upgrade, you will use a customized version of Google’s Gemini AI model.

The company is also gaining An artificial intelligence startup called Q.aiFor $2 billion, according to Financial Times. Although there are no details about how Apple plans to use the startup’s technology,… Financial Times Q.ai’s patents reportedly “show its technology being used in headphones or glasses, using ‘micro-motions of facial skin’ to communicate without speaking.”