Apple reported another bumper quarter, with record revenue and strong iPhone sales. Amid all the numbers, Apple CFO Kevan Parekh revealed that the iPhone 17 series is now the company’s most popular lineup ever.
Strong demand for the iPhone 17 is helping Apple post record revenue and profits every quarter since its launch.
Strong iPhone 17 demand fuels Apple’s growth
For the Q1 2026 financial quarter (Oct-Dec 25), Apple raked in a record all-time revenue of $143.8 billion. Continuing that trend, the company posted its best-ever March quarter, with a revenue of $111.2 billon.
Strong iPhone demand is driving this growth. It accounted for $57 billion in revenue in the latest quarter, 22% higher than the same quarter last year.
More specifically, the iPhone 17 family is helping Apple post record revenue and profits every quarter — enough to make it the most popular iPhone lineup ever.
Apple CFO Kevan Parekh told the Financial Times that the “iPhone 17 family is now the most popular line-up in our history.”
Months after its launch, Apple continues seeing “off the charts” demand for the iPhone 17, as CEO Tim Cook told Reuters.
New design and color driving iPhone 17 demand
The iPhone 17 lineup doesn’t pack any breakthrough features. However, the iPhone 17 Pro and iPhone 17 Pro Max stand out with a refreshed design, a bold new orange color and deliver longer battery life. This is likely helping drive their strong demand.
The iPhone 17 offers excellent value for money, especially now that it comes with a 120Hz ProMotion display. Despite ongoing RAM and NAND shortages, Apple kept the device’s price unchanged, making it even more appealing.
At a time when many premium Android phones are becoming more expensive, the iPhone 17 stands out as a more value-focused option.
More than DRAM and NAND chips, Apple appears unable to keep up with iPhone 17 demand due to the limited supply of A19 chips. These SoCs are fabricated on TSMC’s cutting-edge node.
TSMC uses the same process to manufacture chips for Nvidia and other companies. This is limiting how many chips Apple can secure.
Rajesh has been writing about consumer technology for over a decade, with a strong focus on iPhones, Macs and Apple’s ecosystem. He enjoys digging into Apple software updates, hardware changes, and discovering new Mac apps that make work faster and more enjoyable.
