Reviewed by Gotrade Internal Analyst
Gotrade News - Apple just smashed its Q1 2026 earnings, posting the highest revenue in the company’s history. This massive beat sends a loud signal to investors: the consumer tech growth trend isn't just alive; it's thriving.
Key Takeaways:
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iPhone revenue hit a record US$85.3 billion, completely crushing Wall Street estimates.
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Sales in China surged 38 percent, signaling a massive comeback in market share.
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Stock price targets are eyeing US$300, fueled by the "supercycle" narrative and AI hype.
The latest financial report shows the iPhone segment hitting an all-time high in performance. According to Watcher Guru, iPhone sales raked in a massive US$85.3 billion this quarter alone.
Analysts represent this volume spike as the result of a long-awaited device "upgrade cycle." The Daily Upside notes that users are finally ditching the old devices they bought back during the pandemic era.
This significant growth is also clearly visible in the recovery of the company's market share in China. Sales data in this strategic region popped by 38 percent compared to the previous period.
Market sentiment is getting an extra boost from management's aggressive push into artificial intelligence development. Recent reports confirm plans to integrate AI features using Gemini technology from Google.
The tech expansion continues with the strategic acquisition of startup Q.AI for a cool US$2 billion. This tech is expected to beef up the company's competitive edge in the future wearables game.
Market optimism regarding the company's fundamentals is reflected in the revised price targets from major investment firms. Investment experts project the stock could break the US$270 resistance level and head straight for US$300.
However, investors should keep an eye on potential pressure on profit margins down the road. CEO Tim Cook warned that the global memory chip shortage could mess with the supply chain.
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That’s the market update worth watching today. Follow Gotrade News for timely coverage on US stocks, ETFs, and macro moves that shape market direction. For a structured starter guide, visit the Gotrade Blog to learn the basics and build your plan.
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Reference:
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Watcher Guru, Apple Stock to $300? iPhone Sales, Gemini Deal to Fuel AAPL. Accessed on February 3, 2026
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The Daily Upside, ‘Bigger Than Bigger’ iPhone 17 Sales Drive Apple Revenue to Record High. Accessed on February 3, 2026
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