"There's no one on this planet I trust more to lead Apple into the future than incoming CEO John Ternus. Never forget the north star for the company. You know, we're about making the best products in the world that really enrich other people's lives."
"This is the most exciting time in my 25-year career at Apple to be building products and services. Apple crushed Wall Street expectations of $110bn in revenue, racking up $111.2bn for the second quarter of 2026."
"Cook warned Thursday that there would be significantly higher memory costs in the third quarter, but told investors that the main supply constraint for Apple were the advanced nodes that chips are produced on, not the memory chips."
Apple reported its best March quarter ever, achieving $111.2 billion in revenue, surpassing Wall Street's expectations of $110 billion. Earnings per share also exceeded forecasts at $2.01. CEO Tim Cook announced the leadership transition to John Ternus, emphasizing the importance of maintaining the company's focus on creating enriching products. Despite challenges in AI investments and rising memory chip costs, Apple experienced double-digit growth across all geographic segments, with significant demand for the iPhone 17 lineup. Ternus expressed excitement about leading Apple during this pivotal time.
Read at www.theguardian.com
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