Apple Reports Record iPhone Revenue Amid Supply Challenges
3 sources·3 updates
Daily snapshot
This topic is included in the Trace archive for Friday, May 1, 2026.
Apple's iPhone revenue soared to $57 billion in Q2 2026, a 22 percent increase despite ongoing chip shortages. The company's overall revenue reached $111.2 billion, marking its best March quarter ever, driven by strong demand for the new iPhone 17 lineup, which has become the most popular in Apple's history.
Key Points
Apple's services segment achieved an all-time record of $30.98 billion in revenue.
The new MacBook Neo debuted at a starting price of $599, contributing to increased Mac revenue of $8.4 billion.
Analysts predict 20% year-over-year growth in iPhone sales.
Timeline
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