With Apple Back on Top, CEO Tim Cook Preps for Earnings Curtain Call
- On Thursday, CEO Tim Cook led his final earnings call as Apple surpassed a $5 trillion market cap, cementing its position as the world's most valuable company.
- Cook's 15-year tenure concludes with a fourteen-fold valuation increase, with incoming CEO John Ternus, a 25-year Apple veteran and head of hardware, set to take over on September 1.
- Analysts expect 16% revenue growth this quarter, though the company faces a memory crunch forcing price hikes on iPads and Macs, which increased by at least $100 last month.
- Renewing its focus on home devices, Apple plans to launch a 7-inch 'smart hub' display and refreshed versions of the HomePod Mini and Apple TV to encourage interconnected usage.
- Investors look to Ternus for clarity on Apple's AI strategy, particularly regarding the launch of a redesigned Siri as the industry moves at warp speed.
37 Articles
37 Articles
Apple won't be able to meet demand in Q3
During his last call with investors before stepping down, Apple CEO Tim Cook laid out that the upcoming September quarter (Q3) will have huge customer demand that the supply chain won't be able to meet. Cook stressed that it isn't a case of RAM constraints or lack of parts, but that, put simply, customer demand for iPhones, iPads, and Macs is too great, and supply partners can't keep up. He said, "this isn't a partner or supplier issue. The issu…
Tim Cook's last quarter as Apple CEO: record iPhone sales, stock still falls
Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street’s expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented challenge” for the consumer electronics industry. While it hasn’t yet raised iPhone prices, analyst…
Apple and Samsung Electronics, the "two engines" leading the global smartphone market, received contrasting report cards from April to June. Looking solely at the smartphone business, both companies performed well in product sales. However, while Apple generated substantial profits without raising prices, Samsung Electronics failed to weather the surge in component prices, such as semiconductor memory, despite raising prices on some products. Ap…
Tim Cook praises John Ternus again in Apple's Q3 2026 earnings call
The tech giant has been working to ensure a smooth transition for its incoming CEO. Apple held its Q3 2026 earnings call on Thursday, marking Tim Cook's final outing as CEO at such events before he transitions to the role of executive chairman. Unsurprisingly, Cook took the opportunity to reiterate his confidence in his successor John …
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