Apple revenue, profits beat expectations on iPhone, Mac sales
Strong iPhone and Mac sales lifted revenue 16% to $109.4 billion, while Apple’s profit also beat Wall Street estimates.
- Apple Inc reported record revenue of $109.4 billion and a net profit of $29.8 billion for the fiscal third quarter ending June 27, 2026, exceeding consensus estimates on Wall Street.
- Performance was driven by a 21.7% surge in iPhone sales to $54.25 billion and 28.7% growth in Mac revenue to $10.35 billion, while Services revenue reached $30.74 billion, illustrating sustained demand across all segments.
- Noting the 50.1% gross margin included a 2 percentage point benefit from tariff refunds, Apple CEO Tim Cook described supply shortages as an "unprecedented challenge" for the CONSUMER ELECTRONICS industry.
- The Company declared a $0.27-per-share quarterly dividend to Shareholders, while departing from its long-held goal of returning all cash to investors to fund internal priorities.
- While Apple has not increased iPhone prices, analysts anticipate potential adjustments later this year as the Company retains liquidity for future ARTIFICIAL INTELLIGENCE-driven software innovations.
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The past quarter for Apple went extremely well: revenue and profit increased significantly. Analysts were still disappointed: they consider the boom of the past months to be a straw fire.
Apple posts record June quarter revenue in India, Mac sales hit all-time high
Apple achieved record revenue in India during the June quarter. Mac computers recorded their best sales performance in the country. This growth occurred despite rising memory chip prices affecting the market. iPhone supplies remained constrained, though prices were not increased. Analysts anticipate future price adjustments and continued ecosystem expansion.
Algemeen Dagblad
The American technology giant Apple achieved significantly higher revenue and profit in the past quarter, primarily helped by increased iPhone sales. It is the last time Apple will report figures under the leadership of CEO Tim Cook.
Revenues of $364 billion and gross margins above 50%. June quarter is marked by Tim Cook's latest results conference.
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