Apple's iPhone Revenue Reaches $57 Billion Amid Chip Shortages

Apple's iPhone revenue increased by 22% to $57 billion despite supply chain issues affecting processors. The company reported a record $111.2 billion in revenue for Q2 2026, with CEO Tim Cook noting high demand and potential supply constraints for Mac products. The company also launched new products like the MacBook Neo and iPhone 17E.

By Emma Roth · The Verge · April 30, 2026, 20:58 UTC

Apple's iPhone Revenue Reaches $57 Billion Amid Chip Shortages

Tickers: $AAPL

Topics: CEO transition iPhone sales MacBook Neo revenue growth supply chain issues

Read the full article at The Verge

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