Still performing like a young lad at 50, Apple releases fantastic earnings and the stock soars $10
Apple sets a March quarter record for iPhone sales and the Services unit has its best quarter ever.
Apple reports very strong earnings for the fiscal second quarter of 2026.. | Image by PhoneArena
What can you say about Apple? The company just turned 50 years old and continues to set new company records. For example, during the fiscal second quarter of 2026 that ended in March, Apple set a fiscal Q2 record for iPhone revenue.
The iPhone is 19 but still has the energy of a pre-teen
The iPhone will turn 19 in June, a ripe old age for cutting-edge tech. Yet, the product remains as popular as ever as the smartphone rang up $57 billion in sales from January through March 2026, a record-breaking figure for any March quarter in the phone's long, iconic, and historic life.
During the same quarter last year, iPhone revenue was $46.84 billion, which means that iPhone revenue rose a strong 21.7% during fiscal Q2. The strong showing was the result of a very popular iPhone 17 series, and it took place despite Apple's continued lagging in AI.
Apple reports record Services revenue
Despite the healthy increase in iPhone sales, the number failed to meet Wall Street's expectations for sales of $57.21 billion. Later this year, we expect Apple to introduce the priciest iPhone ever, the first foldable iPhone that is expected to have a base price in the range of $2,000-$2,400.
Which Apple device made the company what it is today?
The Apple iPad generated revenue of $6.91 billion which not only was 8% more than last year's fiscal Q2 revenue of $6.40 billion, it also topped expectations of $6.66 billion made by Wall Street analysts.
Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment. iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.
Tim Cook, Apple CEO
Apple's second-largest business segment, Services, also had a strong quarter setting a new all-time company record with revenue of $30.98 billion, topping analyst estimates of $30.39 billion. The growth year-over-year in revenue amounted to a strong 16.3% increase. This unit includes:
- App Store
- Apple Music
- Apple TV+
- Apple Books
- Apple Podcasts
- Apple News+
- Apple Arcade
- iCloud+
- Apple Pay
- Apple Card
- Apple Cash
- AppleCare+
- Apple Fitness+
All five global regions tracked by Apple had year-over-year gains
The Wearables, Home and Accessories unit, which includes the Apple Watch, AirPods and more, beat forecasts of $7.7 billion in sales with $7.91 billion in fiscal Q2 revenue. Last year's fiscal second quarter saw this Apple business segment generate $7.52 billion in sales.
All five global regions had higher sales on an annual basis:
- Americas: Took in $45.09 billion, up 11.9%
- Europe: Rang up $28.06 billion in sales, up 14.7%
- Greater China: Sales hit $20.50 billion, up a very strong 28.1%
- Japan: With $8.40 billion in revenue collected, Apple grew sales in this market by 15.1% year-over-year.
- Rest of Asia-Pacific: Apple took in $9.14 billion in this region, up a spectacular 25.3% from the same quarter last year.
Apple's shares soar over $10 after the earnings report is released
For the quarter, Apple's basic earnings per share came to $2.02 versus $1.65 for the fiscal Q2 last year. That is a 22.4% gain. The company also raised its quarterly cash dividend by 4% to 27 cents a share increasing the stock's yield to 0.4% (Apple is not a stock you'd buy for income).
A great quarter like the one Apple reported today has led investors to throw money at the stock. After closing the regular trading session at $271.35, up $1.18 or .44%, Apple has tacked on $10.01 or 3.69% to $281.36 in after-hours trading.
Apple will be releasing only two more quarterly earnings reports under the leadership of CEO Tim Cook. The fiscal second quarter ending in June, and the fiscal third quarter ending in September, will be the last of these quarterly reports to quote Tim Cook.
On September 1st, Apple's current Senior Vice President in charge of Hardware Engineering, John Ternus, will be replacing Cook, who took over the CEO job permanently from Steve Jobs in August 2011. Cook will become Executive Chairman of Apple.
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