Apple Q1 Revenue, Profit Surge on iPhone Demand, China Rebound; Shares Rise

Apple (AAPL) Q1 revenue jumped 16% to $143.76B and EPS hit $2.84, crushing estimates, driven by record iPhone demand and a 38% sales surge in Greater China. Shares rose 0.7% after hours on Jan 29, 2026. iPhone revenue soared 23% to $85.27B, fueled by strong global uptake of the September-launched iPhone 17 series. CEO Tim Cook called demand “staggering,” noting record upgrade and switcher growth in China. Active devices now total 2.5B, up from 2.35B a year ago. Greater China sales hit $25.53B, Americas rose 11%, Europe 12.6%. Mac and wearables underperformed forecasts, while iPad and Services slightly beat. Gross margin expanded to 48.2%. No formal Q2 guidance issued; analysts project $104.84B.