Variety | Apple Easily Beats Wall Street Expectations, Services Revenue Shoots Up 16% to Record $31 Billion in March 2026 Quarter by Todd Spangler
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Apple posted a stellar March‑quarter earnings report, beating Wall Street forecasts with $111.2 billion in revenue (up 17% YoY) and a diluted EPS of $2.01 (up 22%). The company’s Services segment surged 16.3% to a record $30.98 billion, while iPhone sales jumped 22% to a new quarterly high of $57.99 billion despite supply‑chain constraints. Growth was broad‑based, with Greater China sales up 28% to $20.5 billion and the Americas up 11.9% to $45.1 billion. In a major leadership change, Tim Cook will step down as CEO on Sept. 1, 2026 to become executive chairman, handing the CEO role to senior VP John Ternus. Cook hailed the quarter as Apple’s best March ever, highlighting record‑setting iPhone 17 sales and new product launches such as the iPhone 17e, M4‑powered iPad Air, and MacBook Neo.
Read more: https://variety.com/2026/digital/news/apple-earnings-march-2026-quarter-services-revenue-1236734606/
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