Apple Reports Strong Earnings in Final Tim Cook Quarter
Apple reported strong earnings for its final quarter under CEO Tim Cook, with per-share profits of $2.02 on revenue of $109.4 billion—both exceeding Wall Street expectations. The results were bolstered by tariff refunds and record sales across most product lines except the iPad. Revenue growth was driven by iPhone, Mac, Services, Wearables, and accessories segments, while geographic regions also saw increased performance. Cook highlighted supply chain challenges and foreign exchange headwinds but noted strong demand for Apple products ahead of his transition to John Ternus in September 2026. The company expects a modest revenue increase next quarter despite ongoing memory cost inflation and tighter supply constraints. However, shares fell about 4% after hours following the earnings report. The results position Apple well as it transitions leadership with strong financial performance across product lines and regions.
Tickers: $AAPL
Topics: AI development earnings revenue growth Tim Cook transition