Apple Reports $132 Billion Net Profit for Fiscal 2026
Apple posted an 18% increase in net profit for fiscal 2026, though supply constraints persist for its new folding iPhone model.
Apple’s fiscal 2026 results show total revenue of $478.8 billion, representing a 15% increase, with net profits reaching $132.2 billion. The company saw growth across its core iPhone and Mac divisions, alongside its services business, with strong sales performance in Greater China.
Addressing the launch of the new iPhone Duo, CEO John Ternus confirmed that the company is facing ongoing production constraints. Ternus stated that Apple is currently unable to meet market demand and provided no specific timeline for when inventory levels might stabilize.
The broader technology sector remains active, with Anthropic preparing for a major IPO following a significant surge in revenue, and industry discussions surfacing regarding AI development, hardware resource allocation, and market adjustments in the software and delivery sectors.