Apple Q4: iPhone up 17% YoY to $57.58B, above $56.54B est., Mac up 24% to $10.8B, iPad down 10% to $6.2B, and Wearables, Home, and Accessories down 8% to $8.3B

Your iPhone and Mac purchases now contribute more to Apple's record revenue, signaling a continued strong demand for these core products.

Apple announced its fourth fiscal quarter 2026 earnings, reporting $114.5 billion in revenue, a 12% increase year-over-year. This figure surpassed the company's own revenue growth expectations of 9% to 11%. Key product lines contributed significantly to this growth, with iPhone revenue reaching $57.58 billion, up 17% year-over-year, and Mac revenue climbing 24% to $10.8 billion. The iPad saw a 10% decline in revenue to $6.2 billion, while Wearables, Home, and Accessories experienced an 8% decrease to $8.3 billion. Services revenue hit an all-time high of $31.57 billion. The company reported a net profit of $30.71 billion and earnings per share of $2.10. Apple's installed base of active devices also reached a new all-time high.

The results demonstrate Apple's sustained strength in its core hardware segments, particularly the iPhone and Mac, which are driving significant revenue growth. This performance suggests that despite market maturity, Apple's strategy of integrating new features, such as AI capabilities announced by CEO John Ternus, and introducing refreshed hardware models is resonating with consumers. The substantial increase in Services revenue also points to the growing importance of Apple's ecosystem and recurring income streams, bolstering overall financial health.

The contrast between the strong performance of iPhone and Mac and the decline in iPad and Wearables, Home, and Accessories could indicate shifting consumer priorities or market saturation in those specific categories. Investors will be watching to see if Apple can re-energize sales in its underperforming product lines or if it will focus on leveraging the success of its flagship devices and services. The record installed base suggests a solid foundation for future revenue, but continued innovation will be crucial for maintaining momentum.