Apple's Q4 2026 Earnings Call Takeaways

iPhone Duo iCloud+ The mix of [on-device and cloud Siri] is very early days, and so it's hard to predict exactly what the mix of those costs are going to look like.

Obviously, on device, you know, it's very very efficient. No real costs associated with that. But on the server side, we have some inference costs.

I think again, we've just recently launched it and made it available to more users. And so we're in the very very early stages of understanding the kind of mix of those costs, as well as further requirements we might have on the compute side. Siri AI As far as agentic capabilities, you know, we think these are promising tools for users.

We just want to make sure that users are aware of what they're giving access to. We want to make sure this is done in a way that protects security and privacy. So, you know, we're pushing really hard on that with Siri AI, but we're also really encouraged the fact that Apple devices are the best places to use all forms of AI.

I mean, if you think about it, so much of your personal data is on your iPhone. You know, whether it's your contacts, your communications, health data, financial data, all of that, and Siri can tap into that and help you access it in a way that's very secure and private, and that nobody else has access to.

Even Apple doesn't have access to it, and so we think that is a core kind of differentiator that we're excited about, and we're going to continue to push on that. iOS and macOS Merging If you look at what we did last week with the MacBook Pro, we took a huge leap forward. These MacBook Pros are better in every way than the ones that came before them, and we're really proud of that.

And so we don't have any fundamentally different changes that we're planning right now. Nor would we talk about it anyway. China Install Base Memory Supply Constraints iPhone Mac iPad Services Wearables December Quarter