GoKawiilis a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.
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Apple’s iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device’s processor. During an interview with Reuters, Apple CEO Tim Cook said iPhone “demand was off the charts” but added that there’s “a little less flexibility in the supply chain at the moment for getting more parts.”
Apple earned $111.2 billion in revenue during the second quarter of 2026, its “best March quarter ever,” according to Cook. This latest earnings report comes a little over a week after the company announced CEO Cook’s retirement in September. John Ternus, the company’s head of hardware engineering, will take Cook’s place as he transitions into the role of executive chairman.
Even with Cook’s departure just months away, he’ll still have to lead Apple through the 2026 Worldwide Developers’ Conference (WWDC) in June, where Apple’s expected to take the wraps off a bunch of new features, including a more personalized Siri powered by Google’s Gemini AI model.
The new devices helped boost Mac revenue to $8.4 billion, while iPads reached $6.91 billion. Apple’s services segment, which includes subscriptions like Apple One, Apple Music, Apple TV, and others, soared to another “all-time record” at $30.98 billion.
Developing…