Apple iPhone powers quarterly sales to $111B: ‘Demand was off the charts’
Apple reported stronger-than-expected quarterly sales of $111.18 billion, driven by robust iPhone demand despite supply constraints on advanced chips. The company forecast higher-than-expected revenue growth for the next quarter and highlighted strong performance from its services and Mac divisions. Incoming CEO John Ternus played a key role in launching new products, including the iPhone 17 lineup and MacBook Neo, as Apple increases investment in AI and prepares for its upcoming software developer conference.
Opening excerpt (first ~120 words) tap to expand
Business Apple iPhone powers quarterly sales to $111B: ‘Demand was off the charts’ By Reuters Published April 30, 2026, 6:57 p.m. ET Apple on Thursday forecast sales that beat expectations, even as it said it expected to continue to face chip supply constraints, sending shares up more than 3%. Apple executives said they expect sales growth of 14% to 17% in the current fiscal third quarter, which was above Wall Street estimates of 9.5% growth to $102.93 billion, according to data from LSEG. Earlier, Apple reported better-than-expected second-quarter results, with customers showing eagerness to buy a new MacBook model driven by incoming CEO John Ternus, while supply constraints hindered iPhone sales. 4 Apple CEO Tim Cook says iPhone demand was off the charts.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at New York Post.
Discussion
0 commentsMore from New York Post
