Summary
Apple had a record-breaking quarter for iPhone sales — despite not releasing a standard model during its latest refresh. In its fourth-quarter earnings report released on Monday, Apple says it earned 57.58 billion in iPhone revenue, a 17 percent jump from the same time last year. Apple set an iPhone sales record even without a new standard iPhone iPhone revenue jumped 17 percent with Pro-only models during this year’s refresh. iPhone revenue jumped 17 percent with Pro-only models during this year’s refresh.   The increase in revenue follows the launch of Apple’s iPhone 18 lineup in September, which included [a pricier iPhone 18 Pro and Pro Max](/tech/995945/iphone-18-pro-max-review-camera-aperture) model. The company [raised prices across its older models](/tech/992551/apple-iphone-17-17e-air-price-increase) at the same time. Apple also took the wraps off its [first folding phone, the iPhone Duo](/tech/1015028/iphone-duo-review), but its preorder sales aren’t included in this earnings report. Like other device-makers, Apple has been dealing with supply chain constraints and rising memory costs, leading it to [raise prices across its products](/tech/956903/apple-price-increase-2026-macbook-ipad-mac-home-vision-pro). Meanwhile, [Apple only had a “limited” number](/tech/1015372/apple-says-it-only-has-limited-iphone-duo-units-for-in-store-sales) of iPhone Duos available in store at launch, with some [estimated shipment dates extending](/tech/1012805/apple-iphone-duo-preorder-delay) into 2027. “We saw higher memory costs as compared to the June quarter, and that was partly offset by the benefit of carrying inventory and lower costs on non-memory components,” Apple CEO John Ternus said [during an interview with CNBC](https://www.cnbc.com/2026/11/02/apple-aapl-q4-2026-earnings-live-updates.html). Apple reported a 12 percent increase in revenue overall, ballooning to 114.5 billion. Its Mac business grew 24 percent to 31.57 billion. iPad revenue declined 10 percent year over year, with $6.23 billion in sales. Apple shook up other areas of its product lineup with some other major launches over the past several weeks. It made a big push into the smart home space with its first smart home display and a series of video doorbells, security cameras, and door locks, made in collaboration with LG and Schneider Electric. Last week, Apple also revealed a MacBook Pro with a touchscreen — a design choice that its executives famously resisted. Most Popular
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