GoKawiil
Tech News
Apple's fourth-quarter results, marking the close of its fiscal 2026 year, showed record revenue and robust iPhone sales that topped Wall Street forecasts. Despite the strong performance, the company's stock fell after it issued a cautionary outlook for the coming months.
Apple shares briefly touched $345.34 shortly after markets opened, topping the previous intraday record of $344.57 set in July. The milestone comes just three weeks after Tim Cook handed the CEO role to John Ternus, with shares having recovered from post-earnings losses and a shaky start to the transition.
Bloomberg reported that Apple shares delivered a 2,736% total return during Tim Cook's tenure as CEO, growing the company from a $350 billion business to a $4.6 trillion one. Commentary responding to that data argues incoming CEO John Ternus shouldn't feel pressure to replicate those numbers, pointing to Steve Jobs' and Cook's own philosophy that financial results should follow great products rather than be pursued directly.