Apple(US:AAPL) Jin Rong Jie·2026-01-30 04:09Core Insights - Apple's Q1 FY2026 revenue reached $143.76 billion, a 16% year-over-year increase, with net profit at $42.10 billion, also up 16%, marking multiple historical highs [1] - iPhone sales were the primary growth driver, generating $85.27 billion in revenue, a 23% increase, accounting for over 59% of total revenue, with record sales across all global markets [1] - The Greater China region showed exceptional performance, with revenue of $25.53 billion, a 38% increase, significantly outpacing growth in the Americas, Europe, and Japan [1] Group 1 - The iPhone 17 series was a major contributor to growth in Greater China, with the iPhone 17 Pro and Pro Max attracting high-end users due to new design and performance features [2] - The iPhone 17 standard version saw significant demand due to notable upgrades, ranking seventh among the top ten global models sold in 2025, despite being on the market for only three months [2] - Apple is currently facing inventory shortages due to unexpected demand for the iPhone 17 series, and is working to catch up with supply, although supply chain constraints are impacting predictions for supply-demand balance [2] Group 2 - Apple CEO Tim Cook noted that the increase in iPhone users upgrading from other brands in Greater China reached double-digit growth [1] - The rising prices of memory chips are expected to have a minimal impact on Apple's gross margin for Q4 2025, but the effect is anticipated to expand in Q2 FY2026 [2] - Apple is considering various options to mitigate cost pressures, including supply chain optimization and adjustments to pricing strategies [2]