"Apple's iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device's processor. CEO Tim Cook stated that iPhone demand was off the charts, but acknowledged a little less flexibility in the supply chain for getting more parts."
"Apple earned $111.2 billion in revenue during the second quarter of 2026, its best March quarter ever. This earnings report follows the announcement of CEO Cook's retirement in September, with John Ternus set to take his place."
"Apple revealed a budget-friendly MacBook Neo starting at $599, featuring a 13-inch display and an A18 Pro iPhone chip. The new devices helped boost Mac revenue to $8.4 billion, while iPads reached $6.91 billion."
"Apple's services segment, which includes subscriptions like Apple One and Apple Music, soared to an all-time record at $30.98 billion. Cook will lead Apple through the 2026 Worldwide Developers' Conference on June 8th, where new features powered by Google's Gemini AI model are expected."
Apple's iPhone revenue surged 22% to $57 billion, attributed to strong demand despite supply chain constraints. The company reported $111.2 billion in revenue for Q2 2026, marking its best March quarter. CEO Tim Cook announced his retirement, with John Ternus set to succeed him. Apple launched several new products, including a budget-friendly MacBook Neo and iPhone 17E, contributing to increased revenue in Mac and iPad segments. The services segment reached a record $30.98 billion. Cook will lead Apple through the upcoming WWDC on June 8th, showcasing new features powered by Google's AI model.
Read at The Verge
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