Those who bought select iPhone models could collect up to $95 each.
Apple Inc. delivered record Q2 2026 revenues of $111.2B, with robust double-digit growth across all regions and strong iPhone and Services performance. Gross margins expanded to 49.3%, driven by favorable product mix and Services, though margin risks from higher input and R&D costs warrant monitoring. AAPL authorized $100B in share repurchases and raised its dividend by 4%, signaling confidence despite supply chain headwinds, especially for Mac products.
Apple plans to offer third-party artificial intelligence models alongside its own in-house models, Bloomberg reported Tuesday (May 5), citing unnamed sources. With this offering, users of the company's software will be able to choose the model they want to use for tasks such as generating and editing text and images, according to the report.
Some iPhone owners will be eligible to receive $25 to $95 over claims that the tech giant oversold its artificial intelligence system, Apple Intelligence.
When iOS 27 is released later this year, iPhone users will reportedly have a lot of choice when it comes to which AI models they want to use on-device.
Apple is reportedly keeping its options open beyond its main supplier, Taiwan Semiconductor.
The gold standard of smartphone industry research is CounterPoint. It recently released its report on global first-quarter sales.
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Apple delivered a record quarter with revenue up 16.6% YoY, driven by iPhone and Services strength and expanding gross margins. John Ternus, a 25-year Apple veteran, will succeed Tim Cook as CEO, ensuring continuity in product focus and financial discipline. Tariff risks and AI capability gaps remain, but robust financials and credible growth drivers outweigh these concerns for long-term investors.
Apple (NASDAQ: AAPL) is scheduled to pay its second dividend of 2026 next week on May 14, with the ex-dividend date of May 11.
The iPhone maker's exploratory discussions are less about finding a better manufacturer than about ensuring it never again loses iPhone revenue to a single point of failure When Apple Inc (NASDAQ:AAPL, XETRA:APC) executives fly to Texas to tour a Samsung fabrication plant and hold separate talks with Intel about chipmaking services, the story is rarely just about the two companies in the room. It is about what those conversations reveal, and what they reveal here is that Apple has decided that its dependence on Taiwan Semiconductor Manufacturing Company is a vulnerability it can no longer ignore.
Apple has held exploratory discussions about using Intel and Samsung to produce the main processors for its devices in the US. According to people familiar with the deliberations, Apple had early-stage talks with Intel about enlisting the company's chipmaking services.