Apple skipped the base iPhone 18 entirely — and still posted $57.58 billion in iPhone revenue for Q4 2026, its highest ever. That’s a 17% jump year-on-year, beating Wall Street forecasts by roughly $1 billion. The record haul came almost entirely from the iPhone 18 Pro lineup and price hikes across older models, not from mass-market volume.
The iPhone Duo, Apple’s first foldable, entered preorders but hasn’t yet contributed to financial results, per Apple’s earnings report released early Thursday morning. Shipping estimates for the Duo already stretch into 2027. Apple’s new CEO John Ternus, who succeeded Tim Cook this year, oversaw the quarter. Total company revenue hit $114.5 billion, up 12%.
Mac revenue rose 24% to $10.79 billion, helped by the surprise launch of a touchscreen MacBook Pro, a reversal of Apple’s long-standing stance against touch on laptops. Services revenue hit $31.57 billion, also a record. IPad sales fell 10%, to $6.23 billion, the only hardware category in decline. Ternus cited rising memory component costs as a margin pressure point during the CNBC call, though Apple offset some of that with tighter inventory controls.
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