Apple reported another record quarter after strong iPhone sales and steady growth in its services business helped offset ongoing global memory chip supply constraints. The company posted $109.4 billion in revenue, up 16% from the same quarter last year. Net profit also increased to $29.8 billion, marking a 27% rise compared to Q3 2025.
The iPhone remained Apple’s biggest source of revenue during the three-month period ending June 27, 2026. The company generated $54.2 billion from iPhone sales, which was 21% higher than the same period last year. Strong customer demand continued to drive growth despite supply challenges across the semiconductor industry.
Apple’s services business also delivered another strong performance. The segment, which includes digital content, cloud services, financial services, and advertising, generated $30.7 billion in revenue. In addition, Apple said it now has 1.5 billion paid subscriptions across its platforms, showing continued growth in its expanding ecosystem.
The Mac business also posted solid results. Revenue reached $10.3 billion after increasing 29% year over year. However, iPad sales slipped slightly to $6.2 billion during the quarter. Meanwhile, the wearables, home, and accessories segment recorded $7.9 billion in revenue, reflecting a 7% increase from the previous year.
The latest results highlight Apple’s ability to maintain strong financial growth. High demand for the iPhone and continued expansion of its services business helped the company deliver another record quarter despite ongoing supply chain pressures.
