Apple has reported its best March quarter ever, with a revenue of $111.2 billion, showcasing double-digit growth across all geographic segments and product categories. The success was largely driven by the new iPhone 17 models, which despite facing supply constraints, set a new March quarter record with $57 billion in revenue, marking a 22% year-over-year increase. The Mac segment also saw growth, with $8.4 billion in revenue, and high demand for the MacBook Neo, Mac mini, and Mac Studio, although supply constraints are expected to persist into the next quarter. Wearables and services also reached new highs, with wearables revenue at $7.9 billion and services at $31 billion. As Apple continues to invest heavily in AI, CEO Tim Cook expressed optimism about the future, particularly with John Ternus set to take over as CEO in September 2026. Looking ahead, Apple anticipates a 14 to 17 percent revenue growth in the June quarter, with a focus on overcoming supply challenges and leveraging AI advancements.
What Are the Key Insights from Apple’s Q2 2026 Earnings Call?
