Apple Inc. has delivered another record-breaking quarter, reporting fiscal Q2 2026 revenue of $111.2 billion—up 17% year-on-year—driven by strong performance across its entire product lineup.
The growth was broad-based:
- iPhone revenue jumped 22%
- Mac revenue rose 6%
- iPad grew 8%
- Wearables increased 5%
- Services climbed 16%
Strong contrast with Meta
The results stand in contrast to Meta Platforms, which reported a loss of 20 million “Family Daily Active Users” across apps like Facebook, WhatsApp, Instagram and Messenger.
Despite user declines, Meta’s revenue still rose to $56.3 billion (from $42.3 billion a year earlier), though its Reality Labs division posted a $4.03 billion operating loss and underwent layoffs.
Leadership transition underway
The strong quarter comes just ahead of a major leadership shift. CEO Tim Cook will hand over to John Ternus on September 1, transitioning to executive chairman. The latest numbers underscore that Cook is passing on a business in strong financial health.
Cook highlighted record March-quarter performance, citing exceptional demand for the iPhone 17 lineup and continued growth in services.
New products driving momentum
Apple credited its performance partly to new launches, including:
- iPhone 17e
- iPad Air M4
- MacBook Neo
The MacBook Neo, positioned as a more affordable entry point (starting ₹69,900 in India), has exceeded internal sales expectations. It is powered by a variant of Apple’s A18 Pro chip.
Financial highlights
CFO Kevan Parekh noted:
- $28 billion operating cash flow (record for the March quarter)
- iPhone revenue near $57 billion (up from $46.8 billion)
- Services revenue reaching $30.9 billion
Apple also reported growth across all major regions, including India, the US, Europe, Greater China and Japan.
What’s next
With strong momentum heading into Worldwide Developers Conference (WWDC), Apple is expected to double down on its AI push—likely expanding “Apple Intelligence,” upgrading Siri, and potentially integrating models from Google.
Overall, the results reinforce Apple’s dominance, with sustained demand, expanding services, and a refreshed product strategy setting the stage for its next phase under new leadership.
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