TechCrunch Industry News The iPhone just had its best quarter ever; plus, Amazon is reportedly in talks to invest $50B in OpenAI
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Jan 30, 2026 Apple crushed records with its highest iPhone sales ever, fueled by demand for the iPhone 17 and big gains in China and India. Reported talks show Amazon may be preparing a massive investment in AI, potentially reshaping rivalries as OpenAI seeks huge new funding.
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iPhone Sales Hit Record Highs
- Apple reported its best-ever iPhone quarter, driven by unprecedented demand across all geographic segments.
- iPhone revenue rose from $69B to $85B, with China and India showing major growth.
iPhone 17 Spurs Regional Growth
- The iPhone 17 significantly boosted sales and helped drive regional revenue records, especially in China and India.
- Greater China sales jumped from $18.5B to $25.5B, and Americas and Europe also saw double-digit gains.
OpenAI Pursues Massive Funding Round
- OpenAI is seeking roughly $100B more in funding, which could value it near $830B if successful.
- Reports indicate Amazon may invest at least $50B as Andy Jassy leads talks with Sam Altman.