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Apple Posts Double Beat In Q2: 'Our Best March Quarter Ever' - Apple (NASDAQ:AAPL)
Apple said revenue rose 17% to $111.2 billion and named John Ternus as incoming CEO as Tim Cook prepares to shift to executive chairman.
- On Thursday, April 30, Apple reported record $111.2 billion in March quarter revenue while Chief Executive Officer Tim Cook announced his transition to executive chairman on September 1, with Incoming Chief Executive Officer John Ternus taking the helm.
- Growth was fueled by record iPhone revenue of $57 billion and Services reaching an all-time high of $31 billion, with double-digit revenue growth across all geographic segments driving the results.
- Apple's board authorized a new $100 billion share repurchase program and raised the quarterly dividend 4% to $0.27 per share, payable May 14, 2026, to shareholders of record as of May 11, 2026.
- Cook and Ternus expressed confidence in the company's strategic roadmap during the call, while Mac revenue grew 6% to $8.4 billion despite supply constraints and the company expands manufacturing in Houston.
- Apple projects June quarter revenue growth between 14% and 17% year-over-year while advancing sustainability with 100% recycled cobalt in all Apple-designed batteries and 100% recycled rare earth elements in magnets.
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Driven by the popularity of the iPhone 17 in China... Apple reports record-high Q1 revenue of $111.2 billion; earnings surprise during traditional off-season; concerns remain regarding memory component prices in the second half. Apple announced that it recorded revenue of $111.2 billion (approx. 164 trillion won) and net profit of $29.6 billion (approx. 43.7 trillion won) for the second quarter (January-March) of fiscal year 2026.
Coverage Details
Total News Sources29
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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