Apple Roars Back with Record Q3 Revenue, Eyeing Smart-Home Expansion
Apple's (AAPL) third-quarter revenue reached $109.4B, up 16% year-over-year. The tech giant achieved record sales in several key areas, including iPhones, Macs, and Services. Additionally, Apple's active installed base has reached a new high.
The company is preparing to release the iPhone Duo on October 23rd, with pricing starting at $1,999 for the 256GB model. Counterpoint projects around 6 million shipments of this new device in 2026.
Analysts are bullish on Apple's future prospects, expecting a rise in iPhone revenue and some even predicting that fiscal 2027 iPhone forecasts may be too low. They also anticipate material sales from the higher-priced Duo model upon its launch.
Apple is also expanding into the smart-home market with new hardware offerings set to be unveiled by CEO John Ternus on October 13th.