In the first quarter of 2026, Apple achieved significant financial success, reporting $111.2 billion in revenue, a 17% increase year over year. Net income reached $29.58 billion, translating to earnings per share of $2.01, surpassing analyst expectations. iPhone sales surged 22% to an all-time high of $57.99 billion. The Services segment also performed well, growing 16.3% to $30.98 billion. Tim Cook announced his transition to executive chairman, with John Ternus set to become the new CEO in September 2026.
""Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment," Cook said in prepared remarks."
""iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record...""
""That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.""
Read at Variety
Unable to calculate read time
Collection
[
|
...
]