In fiscal Q2 2026 (ended March 28, 2026), Apple's iPhone revenue rose 22% year over year to about $57 billion, a record for the March period, driven by strong demand for the iPhone 17 lineup launched in September.
Apple set a March-quarter record for iPhone upgraders, and its installed base of active devices climbed to an all-time high of more than 2.5 billion, with CEO Tim Cook noting strong response from both existing customers upgrading and first-time iPhone buyers.
According to multiple reports, Apple may introduce its first foldable iPhone this fall—the biggest design change to the iPhone since iPhone X in 2017—with speculation of a starting price over $2,000, which could boost both unit sales through a new form factor and average unit prices.
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