Apple Posts 12 Percent Revenue Rise As Record R&D Spending Hits $45.77 Billion
On November 2, Apple reported fiscal 2026 fourth quarter revenue of $114.48 billion, up 12 percent year on year. iPhone brought in $57.58 billion, Mac $10.79 billion, iPad $6.23 billion, and Wearables, Home and Accessories $31.57 billion.
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Reporting from 1 source: GIGAZINE.
Why it matters
Apple closed its fiscal year with revenue up 12 percent on only eight days of iPhone 18 Pro sales, leaving the quarter's growth and its higher memory costs to be read against a Duo launch the company says it cannot time.
Key Facts
- Apple reported fiscal 2026 fourth quarter revenue of $114.48 billion, up 12 percent year on year.
- iPhone revenue in the quarter was $57.58 billion, with Mac at $10.79 billion and iPad at $6.23 billion.
- Apple spent $11.73 billion on research and development in the quarter, bringing fiscal 2026 R&D to $45.77 billion, up 32 percent.
- The iPhone 18 Pro launched on September 18, 2026, so only eight days of its sales are in the quarter.
- Chief executive John Ternus said the supply and demand balance for the iPhone Duo is unpredictable.
Quarterly research and development spending was $11.73 billion, lifting fiscal 2026 R&D to a record $45.77 billion, up 32 percent.
Apple's fiscal 2026 fourth quarter covers July through September, and the iPhone 18 Pro reached stores on September 18, so only eight days of that model's sales land in the period. The iPhone Duo went on sale in October and sits outside the results entirely. Chief executive John Ternus put the supply and demand balance for the Duo at "unpredictable."
Research and development reached $11.73 billion for the quarter, taking the fiscal year to $45.77 billion, up 32 percent. Apple attributes the rise to spending growing well beyond the company's overall growth rate. Memory costs in the quarter were higher than in the previous quarter, with a global memory shortage and rising computer component demand behind them.
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