Apple's first-quarter revenue exceeds $140 billion, setting a new record, with nearly a 40% increase in the Greater China region

Apple announced its first-quarter results for the fiscal year 2026, with revenue reaching a new high of $143.756 billion, significantly higher than $124.3 billion in the same period last year; net profit was $42.097 billion, a year-on-year increase of 16%; earnings per share were $2.84, exceeding market expectations of $2.68. Additionally, Apple announced a cash dividend of $0.26 per share, which will be paid on February 12 to shareholders registered as of the market close on February 9. After hours, Apple rose as much as 3.9% to $268.34, closing after hours at $259.6, up 0.54%. In terms of products, iPhone revenue remains core, with its revenue alone reaching $85.269 billion, a year-on-year increase of 23%, marking the best performance in a new quarter. Apple CEO Tim Cook stated that the iPhone achieved its best quarterly performance ever, with demand reaching historical highs across all geographic regions. Additionally, the number of active devices installed has surpassed 2.5 billion. AirPods Demand Exceeds Expectations, Leading to Supply Shortages Sales revenue for Mac and wearables was $8.39 billion and $11.49 billion, respectively, down 7% and 2%. Cook explained that the new AirPods Pro 3, due to its real-time translation feature, has seen demand exceed expectations, leading to product supply shortages. Excluding supply chain factors, this business could have achieved growth. iPad revenue grew by 6% to $8.6 billion; service revenue surged by 13.9% to $30 billion. In terms of regional revenue, the Greater China market reached $25.5 billion, a year-on-year increase of 38%, far exceeding the market expectation of $21.8 billion; the Americas, Europe, and other Asia-Pacific markets all recorded double-digit growth, increasing by 11%, 12%, and 18%, with revenues of $58.53 billion, $38.15 billion, and $12.14 billion, respectively. The Japanese market revenue was only $9.413 billion, growing by 5%. Second Quarter Guidance Exceeds Market Expectations, Rising Costs Have Not Yet Affected Revenue Apple expects second-quarter revenue for the fiscal year 2026 to achieve a year-on-year growth of 13%-16%, higher than Wall Street's expectation of 10%. Additionally, operating expenses are expected to be between $18.4 billion and $18.7 billion, slightly higher than the first fiscal quarter. It is noteworthy that Apple's gross margin for this quarter reached 48.2%, higher than the market expectation of 47.45%. This indicates that the rising costs of commodities such as storage chips and gold have not yet impacted Apple's revenue levels