Apple's biggest overhang over the past two years just turned into one of its strongest earnings positives. In fiscal second-quarter results released on Thursday, the company said Greater China revenue rose to $20.497 billion, up 28% from a year earlier and comfortably ahead of Wall Street expectations of around $19–19.5 billion.
Tim Cook has said that Steve Jobs told him never to ask what he would do but "just do what's right." Cook now leaves a piece of advice for John Ternus, the incoming CEO of Apple.
Apple saw more demand for the iPhone 17 and MacBook Neo than it was expecting and suggests the RAM shortage could hit prices on new stock.
Tim Cook said Apple plans to apply for a tariff refund — but will reinvest the funds in the US. President Donald Trump famously said he'd "remember" companies that don't seek tariff refunds.
Apple reported a record quarter on Thursday. Yet outgoing CEO Tim Cook warned of some gathering storm clouds in the form of memory chip supply issues that could impact business in the near future.
Apple's earnings call was, on the surface, a story about iPhone momentum and Mac demand. iPhone revenue rose 22% year over year, Mac revenue rose 6%, and executives repeatedly pointed to supply constraints as evidence that demand was outpacing what Apple could deliver.
Apple's stock is climbing on a better-than-expected outlook and strong demand for its iPhone 17 lineup.
Apple (AAPL) came out with quarterly earnings of $2.01 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $1.65 per share a year ago.
Although the revenue and EPS for Apple (AAPL) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Apple Inc. delivered another outstanding quarter, with Q2 iPhone sales up 22% and total revenue growing 16.6% year-over-year. AAPL's unique mix of robust cash flow (~$160B/year) and solid growth supports its premium valuation, despite a P/E of 28x. The company continues aggressive shareholder returns, declaring $0.27 dividends and over $100B in buybacks, while maintaining modest CapEx and high margins.
Tim Cook, who will pass Apple's CEO baton to John Ternus September 1, brought the executive along to the company's earnings call today to say a quick hello. “We have an incredible roadmap ahead.
Sales of the iPhone, still the company's best-selling product nearly 20 years after its introduction, were $56.99 billion.