Apple just had a record-breaking iPhone quarter

iPhone 17 Pro

Apple says the iPhone had its "best-ever" quarter, with revenue hitting more than $85.3 billion over the past few months. The company announced the news as part of its Q1 2026 earnings report, which also revealed record-breaking revenue of $143.8 billion, up 16 percent when compared to the same time last year.

"The demand for iPhone was simply staggering, with revenue growing 23 percent year over year," Apple CEO Tim Cook says during a call with investors. "This is the strongest iPhone lineup we've ever had...