Apple iPhone Revenue Surges to $57.58 Billion Record

The company’s total quarterly revenue climbed 12 percent to $114.5 billion, bolstered by significant gains in the Mac business, which grew 24 percent to $10.79 billion. Apple’s services division, spanning App Store commissions and subscription platforms like Apple TV and Music, reached $31.57 billion. Conversely, iPad sales faltered, dropping 10 percent to $6.23 billion.

While the newly launched iPhone Duo folding phone debuted during this period, its performance remains absent from current figures as preorders fall outside this reporting window. CEO John Ternus noted that while non-memory component costs provided some relief, the company continues to navigate significant price pressure from memory procurement. Customers seeking the new folding device face a tight market, with some shipment estimates already stretching into 2027.