(Jan 30): Apple Inc delivered record quarterly sales and a better-than-anticipated forecast for the current period, even as the company warned that rising component costs are threatening to squeeze margins. That exceeded the 10% projected by Wall Street — showing that Apple can maintain momentum after an iPhone-fueled sales surge in the December quarter. The concerns weighed on Apple shares, which fluctuated in late trading after the results were released. Revenue during the holiday season trounced Wall Street estimates, driven by strong demand for the new iPhone 17, growth in services and a rebound in China. Wall Street had projected US$21.8 billion from that vital market.

Source: The Edge Markets January 29, 2026 23:53 UTC