Apple’s first-quarter record earnings of ₹13.22 lakh crore: 23% growth in iPhone sales; Record sales in India too, Cook said – immense possibilities here

The world’s leading tech company Apple has declared the results of the first quarter (Q1 2026) of the financial year 2026. The company has recorded a revenue of $ 143.8 billion (about ₹ 13.22 lakh crore) during this period, which is 16% more than last year.

This is the biggest quarterly earnings in Apple’s history so far. The huge sales of iPhone and the company’s surprise comeback in the Chinese market are being considered as the major reasons behind this spectacular growth.

23% jump in iPhone sales, active devices cross 2.5 billion

The iPhone accounted for the largest share in Apple’s total earnings. iPhone sales have increased by 23% to $ 85.3 billion (about ₹ 7.84 lakh crore). Company CEO Tim Cook said during the earnings call that the demand for iPhone has been surprising.

Currently, more than 2.5 billion (250 crore) active Apple devices are being used all over the world. The company’s earnings per share (EPS) also came in at $2.84, beating Wall Street’s estimate of $2.68.

iPhone leads among top 3 smartphones in China

For some time, many questions were being raised regarding Apple’s position in the Chinese market, but the latest results have put an end to these speculations. Apple’s revenue in the Greater China sector saw a huge increase of 38%.

Tim Cook said, ‘This was the best quarter for iPhone in the history of Greater China.’ The top three smartphones sold in Chinese cities remained iPhone. There has been double digit growth in store traffic and a record number of people have switched from Android to iPhone.

Apple CEO Tim Cook.

Record growth in India, Cook said – immense possibilities here

Even in India, Apple’s momentum doesn’t seem to be stopping. The company has made the biggest record ever in sales of iPhone, Mac and iPad in India. Describing India as a big opportunity, Cook said that India is the world’s second largest smartphone and fourth largest PC market.

He said that most of the customers buying iPhone or Mac in India are buying Apple products for the first time. The company opened its 5th retail store in India in December and is going to open another store in Mumbai soon.

Earning of ₹2.52 lakh crore from services sector

Apple’s services business (App Store, Apple Music, iCloud) has reached a new record level of $ 30 billion (about ₹ 2.75 lakh crore). There was a 36% increase in viewership of Apple TV in the month of December.

However, Mac’s revenue declined by 6.7% and stood at $8.4 billion i.e. Rs 77,251 crore. Whereas, due to shortage in supply of AirPods Pro 3, a slight decline of 2.2% was seen in the wearables and accessories segment.

Partnership with Google, AI power will be available in Siri

Apple has confirmed that it is working with Google to make its voice assistant ‘Siri’ smarter and personalized.

Tim Cook said that with this partnership, users will get a new AI experience, in which Apple’s privacy and on-device processing will be taken care of. This new AI feature may be launched by the end of this year.

Supply chain and rising prices of memory a matter of concern

Despite record-breaking profits, Apple also faces some challenges. Due to lack of 3-nanometer chip production, the company is finding it difficult to meet the demand. Cook admitted that right now the company is in supply chase mode i.e. demand is more than supply.

Apart from this, rising prices of memory chips may affect the company’s profit (margin) in the coming quarter. The company has estimated growth of 13% to 16% for the March quarter.

Read this news also…

Gold and silver prices fell after continuous rise: Gold became cheaper by ₹ 6,865 and silver by ₹ 22,825 in a day, due to profit booking.

After remaining at all-time high for four consecutive days, there has been a big fall in the prices of silver and gold today on January 30. According to experts, the main reason for this is profit making in the market.

Gold has become cheaper by Rs 6,865 and silver by Rs 22,825 in a day. According to India Bullion and Jewelers Association (IBJA), the price of 10 grams of 24 carat gold has come down to Rs 1,68,475. Read the full news…