Apple Posts Q1 Profit Growth Amid Strong iPhone Sales, Shares Rise

Apple Inc. (AAPL) reported higher first-quarter profit on January 29, 2026, driven by stronger-than-expected iPhone sales and services revenue, sending shares up in after-hours trading. Net income rose to $25.3 billion, or $1.58 per diluted share, from $23.6 billion, or $1.47 per share, a year earlier. Revenue climbed 6% year-over-year to $126.8 billion, beating analyst estimates of $124.5 billion. Services revenue hit a record $24.1 billion. CEO Tim Cook cited “robust global demand for iPhone 17 and continued expansion in emerging markets” as key drivers. The company also announced a $100 billion share buyback increase and raised its quarterly dividend by 5%.