"Apple's quarter was defined by hardware momentum, with iPhone revenue hitting $85.27 billion, up 23.3% year-over-year, marking the best iPhone quarter in company history."
"Tim Cook framed it plainly: 'iPhone had its best-ever quarter driven by unprecedented demand, with all-time records across every geographic segment.'"
"Meta's advertising revenue reached $58.14 billion, up 24% year-over-year, powered by ad impressions growing 18% and average price per ad rising 6%."
"Zuckerberg described Meta's commitment to infrastructure-heavy investments, guiding for $115 to $135 billion in CapEx for 2026, stating, 'I'm looking forward to advancing personal superintelligence for people around the world in 2026.'"
Apple achieved record-breaking fiscal Q1 2026 with iPhone revenue of $85.27 billion, a 23.3% increase year-over-year. Services revenue also reached an all-time high of $30.01 billion. Tim Cook noted unprecedented demand across all geographic segments, particularly in Greater China. In contrast, Meta's advertising revenue grew to $58.14 billion, up 24% year-over-year, but faced rising costs that compressed operating margins. Meta's significant capital expenditures for 2026 reflect a commitment to advancing personal superintelligence, contrasting with Apple's lean AI approach and substantial share buybacks.
Read at 24/7 Wall St.
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