Apple's iPhone Surge Sparks Record Q1 Revenue, Fueled by China Growth
Apple posted a record Q1 with revenue of $143.8B, up 16% year over year and above estimates, driven by a 23% rise in iPhone revenue and a 38% surge in China fueled by the iPhone 17 lineup. Global active devices reached about 2.5B. The company also plans AI enhancements with Siri powered by Google Gemini and remains tied to folding-phone rumors for 2026, with after-hours stock gains.