Apple's Q1 Earnings: Strong iPhone 17 Shipment to Aid Top-Line Growth

Core Insights - Apple's first-quarter fiscal 2026 results are anticipated to show strong performance driven by robust iPhone 17 sales, with expectations of double-digit growth in iPhone sales year over year [1][11] - The Services segment is projected to grow significantly, benefiting from a strong installed device base and subscriber growth across various services, including Apple TV+ [4][6][11] - Mac sales are expected to see modest growth, while iPad sales are forecasted to increase [7][12][11] iPhone Sales - iPhone sales are expected to reach $78.03 billion in the first quarter, indicating approximately 13% year-over-year growth, supported by strong iPhone 17 and iPhone 16 shipments in key markets [2][11] - In the fourth quarter of fiscal 2025, iPhone sales accounted for 47.8% of net sales, with a year-over-year increase of 6.1% to $49.03 billion [1] Services Growth - The Services business is estimated to generate $30 billion in the first quarter, reflecting a 14% year-over-year growth, driven by offerings like Apple TV+, Apple Pay, and Apple Music [6][11] - Apple TV+ is gaining traction due to a strong content portfolio, despite competition from major players like Disney and Netflix [4] Mac and iPad Sales - Mac sales are projected to grow by only 0.9% year over year, with net sales estimated at $9.07 billion [9][11] - iPad revenues are expected to increase by 5%, with net sales estimated at $8.49 billion, benefiting from new product launches [12][11]