Apple Reports Strong Quarterly Results Amid CEO Transition and AI Developments

Apple reported a strong fiscal 2026 second quarter with revenue of $111.2 billion, surpassing expectations, and earnings per share of $2.01. The company also announced plans for a CEO transition, with Tim Cook stepping down and Jon Ternus set to take over. Apple's services business showed accelerated growth and improved profit margins.

By Zev Fima · CNBC · April 30, 2026, 23:43 UTC

Apple Reports Strong Quarterly Results Amid CEO Transition and AI Developments

Tickers: $AAPL

Topics: AI Strategy Apple Inc. CEO Transition Earnings Profit Margins Revenue

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