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Apple reports earnings and revenue beat, boosted by services business
Apple said iPhone demand and services revenue lifted quarterly results, while warning that chip shortages and rising memory costs will pressure margins.
- Apple reported fiscal second-quarter revenue of $111.2 billion today, beating Wall Street expectations with diluted earnings per share of $2.01 versus the forecast $1.95.
- These results arrive as Apple prepares for a leadership transition, with Apple CEO Tim Cook becoming executive chairman on September 1, 2026, and CEO John Ternus succeeding him.
- IPhone sales surged 22% to a record $57.99 billion, while Services revenue increased 16.3% to $30.98 billion, beating Wall Street expectations of $30.4 billion.
- Demand for the company's refreshed hardware lineup bolstered results, including the new iPhone 17e, M4-powered iPad Air in 11- and 13-inch sizes, and the $599 MacBook Neo.
- Defining Apple's artificial intelligence strategy remains critical for Ternus, who will lead the company following a partnership with Google to integrate its Gemini model into Siri.
81 Articles
81 Articles
Apple did better than expected in the second quarter thanks to its iPhone sales that grew by 22% over a year, notably thanks to the smartphone-vedette, the iPhone 17The U.S. technology group Apple released on Thursday results higher than estimated for the second quarter of its offbeat fiscal year (closed at the end of March), thanks in particular to the good performance of iPhone's sales.The net profit stands at $29.6 billion, up 19% over a year…
Apple outperforms earnings expectations on revenue and profit with continued iPhone m
Apple reported Jan–Mar earnings of $29.58B ($2.01/share) on $111.18B revenue, topping estimates on strong iPhone sales; CEO Tim Cook will step down; John Ternus takes over Sept. 1; Flags supply constraints, rising memory costs and AI/Siri upgrades
Record figures for Apple, which has seen its profit increase over the last three months by 19%. This is more than expected. This growth is due in particular to the sales of its flagship phone.
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