Apple(US:AAPL) Benzinga·2026-01-30 08:46Core Insights - Apple Inc. reported a 38% year-over-year increase in revenue from Greater China for Q1 of fiscal 2026, driven by record iPhone sales and strong customer engagement [1] - The December quarter was noted as the best iPhone quarter in history in Greater China, with significant consumer enthusiasm for the iPhone 17 lineup [2] - Apple achieved fiscal Q1 revenue of $143.76 billion, exceeding Wall Street expectations of $138.42 billion, with earnings per share at $2.84, surpassing the forecast of $2.66 [6][7] Group 1: iPhone Performance - The iPhone revenue reached $85.27 billion for the quarter, a substantial increase from $69.14 billion in the same period last year [7] - There was a record level of customers upgrading their devices and strong double-digit growth in users switching from competing platforms [3] Group 2: Other Product Performance - Demand for Macs and iPads also showed healthy trends, with most Mac and Apple Watch buyers being new to those product categories [4] - The MacBook Air was the top-selling laptop model in China in December, while the Mac mini led desktop sales [4] - The iPad was identified as the top tablet model in urban China [5] Group 3: Market Sentiment - Tim Cook expressed a positive outlook on Apple's performance in China, stating it was a "great quarter" [6] - Apple shares closed at $258.28, reflecting a 0.72% increase, and continued to rise in after-hours trading to $259.68 [7]