Apple Inc. projected revenue growth of up to 16% for the current quarter, signalling to Wall Street that demand for its new iPhone 17 range remains strong.
The forecast for the period ending in March exceeded analyst expectations of around 10%, lifting shares nearly 3% in after-hours trading. The outlook indicates Apple expects momentum from its record-breaking holiday season to continue into 2026.
For the fiscal first quarter ending December 27, Apple reported revenue of $143.8 bn, a 16% rise from the previous year, surpassing the $138.5 bn consensus estimate. Earnings per share reached $2.84, beating forecasts of $2.67.