General · 30 January 2026
Apple earnings beat expectations with record iPhone sales in China
Apple reported record-breaking first-quarter earnings of $143.8 billion, surpassing Wall Street forecasts of $138.4 billion. CEO Tim Cook announced that revenue rose 16% year-over-year, fueled by a 23% jump in iPhone sales following the iPhone 17 launch. Performance in China was particularly strong, with sales climbing 38% to achieve the region's best-ever iPhone quarter. Earnings per share reached $2.84, beating analyst estimates of $2.68.
Reported by Guardian · How we write briefs