Apple reports Q1 2026 revenue of $111 billion, up 17% year-over-year, with China sales surging 28%. Cook calls iPhone 17 the ‘most popular launch in Apple’s history’ as he prepares to hand over the CEO role to John Ternus in September.
Apple reports Q2 FY2026 results with $111.2B in revenue, up 17% year-over-year, services revenue reaches a record $31B, and announces an additional $100B share buyback program, beating Wall Street expectations.
Apple reported Q1 revenue of $111bn, up 17% year-on-year, with China sales growing 28%. Outgoing CEO Tim Cook called iPhone demand ’extraordinary,’ setting a quarterly sales record.
According to Bloomberg’s Mark Gurman, Apple plans to introduce three new AI-powered editing features to the Photos app in iOS 27, along with a new ‘Siri Mode’ in the Camera app, significantly upgrading its visual AI capabilities.
Apple has announced a new monthly subscription option with a 12-month commitment on the App Store, marking a significant adjustment to its app distribution business model.
Apple Intelligence features briefly appeared on iPhones in China before being quickly removed, sparking speculation about the rollout timeline for Apple’s AI services in the Chinese market.
Bloomberg exclusively reports that departing CEO Tim Cook has left successor John Ternus with a development pipeline spanning 10 major new product categories, including AR/VR, smart home, and AI hardware, potentially signaling Apple’s largest product launch cycle ever.
Tim Cook officially steps down as Apple CEO, succeeded by hardware chief John Ternus, marking the beginning of a new ‘product guy’ era for the tech giant.