On Thursday, Apple unveiled its financial performance for the inaugural fiscal quarter of the 2026 fiscal year. The tech giant reported a revenue of $143.8 billion, marking a substantial 16% year-on-year surge, and a net profit of $42.097 billion, which represents a notable 15.87% increase compared to the same period last year, significantly surpassing market expectations. Looking ahead, Apple anticipates its revenue for the second fiscal quarter to climb by 13% to 16% on a year-on-year basis. However, it also cautioned that the constrained supply of chips could potentially impact its sales figures.
