Apple's iPhone Sales Surge 22% in Fiscal 2026

Apple's iPhone sales surged by more than 22% during the first three quarters of fiscal 2026, marking a strong performance for the tech giant. This significant growth in iPhone revenue, specifically a 22.4% year-over-year increase, highlights the enduring demand for Apple's flagship product, even as it approaches its 20th anniversary in 2027.

The robust sales of the iPhone 17 family and the introduction of the iPhone 18 and the anticipated iPhone Duo with a foldable screen further cement the iPhone's position as the dominant hardware device in the consumer market. This dominance suggests that new AI-native products from other companies may struggle to gain traction, as the iPhone remains the primary way people interact with AI.

Apple's capital expenditures for the first three quarters of fiscal 2026 totaled $6.8 billion, which is notably less than what other big tech companies are spending on AI infrastructure. Despite this, Apple is not falling behind competitively. The key number for investors to focus on is the 22% growth in iPhone sales, which underscores the company's strong position in the early stages of the AI era.