Apple’s Record $143 Billion Quarter Exposes Just How Far Tesla Has Fallen

2 weeks ago 8

Vandita Jadeja

Mon, April 6, 2026 astatine 10:29 AM CDT 5 min read

Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) some reported net this year, and the results diverged sharply. Apple delivered a record-breaking 4th built connected hardware request and a increasing services flywheel portion Tesla reported shrinking revenue, collapsing nett income, and a pivot communicative that remains much committedness than proof. In this article, we comparison the 2 giants.

  • Apple (AAPL) reported grounds iPhone gross of $85.27B (+23.3% YoY) and all-time services gross of $30.01B (+14% YoY) for $143.76B full revenue.

  • Tesla (TSLA) saw full gross diminution 3.1% YoY to $24.9B and nett income illness 63.7% to $840M contempt Energy Storage gross increasing 25% to $3.837B. Apple trades astatine 32x trailing P/E with $42B nett income this 4th versus Tesla astatine 334x trailing P/E.

  • Apple is executing an ecosystem compounding strategy done iPhone hardware and services portion Tesla gambles connected robotaxi and autonomous driving narratives that stay unproven, with Tesla’s near-term situation being regulatory support successful China and Europe for Full Self-Driving.

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Apple's 4th was defined by iPhone. iPhone gross reached $85.27 billion, up 23.3% twelvemonth implicit year, making it the champion iPhone 4th successful institution history. Services followed, hitting an all-time grounds of $30.01 billion, up 14% twelvemonth implicit year. Total gross came successful astatine $143.76 billion, beating estimates of $138.52 cardinal by 3.78%.

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Tesla's representation was harder to read. Total Q4 gross fell 3.14% twelvemonth implicit twelvemonth to $24.9 billion, and GAAP nett income collapsed 63.7% to $840 million. Vehicle deliveries dropped sharply, falling 16% twelvemonth implicit twelvemonth to 418,227 units. The agleam spots were narrow: Energy Generation and Storage grew 25% twelvemonth implicit twelvemonth to $3.837 cardinal with grounds Q4 deployments of 14.2 GWh, and gross borderline expanded 386 ground points to 20.1%.

Business Driver

Apple (Q1 FY26)

Tesla (Q4 FY25)

Revenue Growth YoY

+15.7%

-3.1%

Core Growth Engine

iPhone + Services

Energy + FSD subscriptions

Net Income

$42.10B

$840M

Gross Margin

~48.2%

20.1%

Apple's strategy is compounding. The installed basal surpassed 2.5 cardinal progressive devices, and each caller instrumentality pulls users deeper into the App Store, iCloud, Apple Music, and Apple TV+ ecosystem.

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