Apple FY2026 Q4 Earnings Call: iPhone Duo Demand Outstrips Supply, Siri AI to Have Usage Caps
On Apple's FY2026 Q4 earnings call, CEO John Ternus said demand for the iPhone Duo cannot be met and that the timing for supply to balance is undetermined, and confirmed that usage caps will be set for server-side AI features such as Siri AI, with paid expansion required beyond the limit. In the quarter, iPhone revenue was $57.6 billion, up 17% year over year; Mac revenue was $10.8 billion; Services revenue reached a record high of $31.6 billion; and Greater China revenue grew 21%, setting a quarterly record. Apple called memory costs "unprecedented," expects them to rise further in the December quarter, and forecasts revenue growth of 7% to 10% year over year for the current quarter.
On Apple's FY2026 Q4 earnings call, CEO John Ternus said demand for the iPhone Duo cannot be met and that the timing for supply to balance is undetermined, and confirmed that usage caps will be set for server-side AI features such as Siri AI, with paid expansion required beyond the limit. In the quarter, iPhone revenue was $57.6 billion, up 17% year over year; Mac revenue was $10.8 billion; Services revenue reached a record high of $31.6 billion; and Greater China revenue grew 21%, setting a qua
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