9to5Mac Daily: May 1, 2026 – Apple reports Q2 earnings
Apple reported its Q2 2026 earnings with $111.2 billion in revenue, marking a 17% increase year-over-year. The company confirmed ongoing supply constraints for the Mac mini and Mac Studio, expected to last several months. Apple also announced the iPhone 17 lineup as its most popular ever, while highlighting record R&D spending driven by AI investments.
- ▪Apple reported $111.2 billion in revenue for Q2 2026, up 17% year-over-year.
- ▪Supply constraints for Mac mini and Mac Studio are expected to persist for several months.
- ▪The iPhone 17 lineup is now Apple's most popular iPhone series in history.
- ▪Apple's R&D spending reached a new record, fueled by increased AI investment.
- ▪John Ternus joined the earnings call, emphasizing an 'incredible roadmap ahead.'
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