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The iPhone maker said sever constraints in the supply chain will affect sales of iPhones, Macs, and iPads in the current quarter.
Anyone who has shopped for a new phone, laptop, or VR headset this summer probably noticed something odd. The usual discount that comes with an aging model never showed up. Prices held steady, and in some cases climbed. Apple just did it, and the trend is spreading everywhere. That is backward. A ...
Apple is worried enough about supply shortages that it reported about $11.1 billion in inventory, which is almost double the $5.7 billion it reported last September.
Apple expects September quarter revenue to grow between 9% and 11% from the prior year, below expectations.
Apple (NASDAQ:AAPL) reported fiscal third-quarter revenue of $109.4 billion, up 16% from a year earlier and a June-quarter record, as double-digit gains in iPhone, Mac and services offset supply constraints and foreign-exchange headwinds. Net income totaled $29.8 billion, while diluted earnings per
Tim Cook delivered his final earnings call as Apple's (AAPL) CEO before passing the baton to incoming CEO John Ternus.
Apple beat market expectations in its latest results on Thursday, capping Tim Cook's final earnings report as CEO with a strong showing, although the outlook for the current quarter disappointed investors.Apple touched a $5 trillion market value this week, while some rivals have seen their shares punished as investors question the profitability of their huge AI bets.
Apple said a slowdown in mobile gaming and changes to the App Store’s business model—including court-ordered payment rule changes in the U.S.—weighed on its services business, even as the company topped 1.5 billion paid subscriptions.
Apple stocks tumbled in late trading after component shortages weighed on the company's sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. It also gave a forecast that is weaker than expected, further hurting the stock in the after market. Bloomberg News Managing Editor for Global Consumer Tech Mark Gurman reacts to the mixed earnings report. Bloomberg.com and Terminal subscribers can send in their questions for Carol Massar and Tim Stenovec to ask guests live on-air. Just go to Bloomberg.com/askradio
Apple stock was sharply lower Thursday evening as the iPhone maker wrapped up its fiscal third-quarter earnings call . Apple reported stronger-than-expected earnings results for its June quarter. But Wall Street was more focused on the company's financial outlook, which missed estimates.
Apple hinted Thursday that heavy users of its revamped Siri may have to pay for access.
During Thursday night's earnings call, Apple (AAPL) CEO Tim Cook highlighted a string of milestones, including the company's best-ever June quarter, with revenue reaching $109.4 billion. iPhone revenue surged 22% year-over-year to $54.3 billion, while Mac revenue climbed to a record $10.4 billion. Beyond the financial results, Cook reaffirmed Apple's commitment to US manufacturing, announcing plans to invest $600 billion in the United States over the next four years. The investment, which the company said includes the reinvestment of tariff-related funds, expands Apple's long-term domestic manufacturing strategy. As part of that effort, Apple has entered a new multiyear agreement with Broadcom (AVGO) under its American Manufacturing Program. The partnership is expected to contribute more than $30 billion in investment to build an end-to-end silicon supply chain and advanced manufacturing equipment in the United States.
During Thursday night's earnings call, Apple (AAPL) CEO Tim Cook highlighted a string of milestones, including the company's best-ever June quarter, with revenue reaching $109.4 billion. iPhone revenue surged 22% year-over-year to $54.3 billion, while Mac revenue climbed to a record $10.4 billion. Beyond the financial results, Cook reaffirmed Apple's commitment to US manufacturing, announcing plans to invest $600 billion in the United States over the next four years. The investment, which the company said includes the reinvestment of tariff-related funds, expands Apple's long-term domestic manufacturing strategy. As part of that effort, Apple has entered a new multiyear agreement with Broadcom (AVGO) under its American Manufacturing Program. The partnership is expected to contribute more than $30 billion in investment to build an end-to-end silicon supply chain and advanced manufacturing equipment in the United States.
The company is set to release an upgraded Siri assistant in the fall, and it continues to contend with higher component costs.
Apple late Thursday beat Wall Street's targets for its fiscal third quarter ended June 27. But its sales outlook was weak.
Tony Wang, T. Rowe Price science and technology equity strategy portfolio manager, reacts to Apple's third-quarter earnings and outlook. He speaks on "Bloomberg The Close."
Apple's third-quarter earnings featured strong growth for its flagship product, but shares are falling about 4% after market close. IPhone sales grew 21% , but Apple's overall revenue of $109.4 billion came in only slightly above Wall Street's $108.
Apple (AAPL) reported strong fiscal third-quarter results amid momentum in iPhone sales, though the

Apple (AAPL) stock is stumbling in Thursday's after-hours since reporting fiscal third quarter earnings and revenue that topped estimates, carried by strong iPhone sales. New Street Research technology Infrastructure analyst Antoine Chkaiban explains the problem areas that could emerge down the line for Apple tied to the memory chip shortage.
Revenue rose 16% to $109.4 billion and EPS climbed 29%, but a shortfall in services sent Apple stock down in after-hours trading
Stock-paired memecoins are Robinhood Chain's newest meta.
Apple posted a solid fiscal third quarter on Thursday, climbing past Wall Street's expectations thanks to strong sales of the iPhone and MacBook computers. Apple raised the prices of its Macs and iPads last month, citing a memory-chip shortage brought on by the artificial intelligence boom. The company had called the demand spike an “unprecedented challenge” for the consumer electronics industry.
Apple's services business didn't quite meet Wall Street expectations in the latest quarter. The segment includes sales from the App Store, Apple Music, iCloud and other software-like offerings. It's a crucial part of Apple's business as it provides the company with a continued revenue stream from existing customers beyond product purchases.
iPhone and iPad maker Apple (NASDAQ:AAPL) reported Q2 CY2026 results exceeding the market’s revenue expectations, with sales up 16.4% year on year to $109.4 billion. Its GAAP profit of $2.02 per share was 6.7% above analysts’ consensus estimates.
Apple Inc (NASDAQ:AAPL, XETRA:APC) reported fiscal third-quarter revenue and profit that topped Wall Street expectations, driven by stronger-than-expected iPhone and Mac sales, though shares fell more than 4% in after-hours trading. The company posted revenue of $109.42 billion, up 16.4% from...