2026 Reports — Apple Inc.

Apple's holiday quarter grew revenue 15.7% to $143.8B, but iPhone supplied about 83% of the increase on a shift toward Pro models, and a higher tax rate held net income growth to 15.9%.

Apple posted a record 49.3% gross margin on favorable product mix and a currency tailwind, while the same 10-Q warned that memory and storage component costs are rising and expected to intensify.

A Pro-model iPhone supercycle drove 16% revenue growth, while R&D spending jumped 32% on explicit AI infrastructure investment — margins expanded even as capex intensity rose.