Apple’s iPhone income jumped 22 % to $57 billion over the previous few months, regardless of provide chain points impacting the machine’s processor. In an interview with Reuters, Apple CEO Tim Cook dinner mentioned iPhone “demand was off the charts,” however there’s “rather less flexibility in the intervening time for getting extra components.” Cook dinner added throughout an earnings name that provide constraints may come for Mac, too, “given the continued excessive ranges of demand that we’re seeing.”
Apple earned $111.2 billion in income in the course of the second quarter of 2026, its “greatest March quarter ever,” in response to Cook dinner. This newest earnings report comes a bit over per week after the corporate introduced CEO Cook dinner’s retirement in September. John Ternus, the corporate’s head of {hardware} engineering, will take Cook dinner’s place as he transitions into the function of government chairman.
The brand new units helped increase Mac income to $8.4 billion, whereas iPads reached $6.91 billion. Apple’s providers phase, which incorporates subscriptions like Apple One, Apple Music, Apple TV, and others, soared to a different “all-time report” at $30.98 billion.
