-David Marino-NachisonApple's iPhone Revenue Tops $85B, Beats Estimates Apple reported more than $85 billion in quarterly revenue for its iPhone segment, its largest by far. Wall Street was looking for a bit less than $79 billion in iPhone sales, according to Visible Alpha data. -David Marino-NachisonApple Stock Down in 2026 Ahead of Earnings Shares of Apple, the giant iPhone maker and digital services company, are down for the year heading into its next quarter earnings report, due shortly. Microsoft on Wednesday reported revenue and earnings ahead of Wall Street expectations, but investors were focused on a slight slowdown in Azure growth, which investors are treating as a proxy for AI revenue. Meta's fourth quarter earnings per share of $8.88, beat Visible Alpha estimates of $8.24.