Apple Posts $111.2bn Quarter as Macbook Demand Lifts Revenue

Apple reported $111.2bn in revenue for the second quarter of 2026, and the macbook helped push the company past Wall Street’s $110bn expectation. Apple also posted earnings per share of $2.01 against estimates of $1.96.

Tim Cook on iPhone17 demand

Tim Cook said Apple had its best March quarter ever. He said there was extraordinary demand for the iPhone17 lineup, and he said revenue in greater China reached $20.4bn because iPhone sales were increasing.

John Ternus and Apple’s handoff

The report came after Apple announced on 20 April that John Ternus will take over as the company’s top executive in September. Ternus, who joined Apple’s product design team in 2001, said, "This is the most exciting time in my 25-year career at Apple to be building products and services."

Memory costs and Macbook Neo

Cook warned that memory costs would be "significantly higher" in the third quarter. He said Apple’s main supply constraint was the advanced nodes that chips are produced on, not memory chips, and he said Apple had "under-called the level of enthusiasm" for the newly released budget-focused MacBook Neo.

Apple said it saw double-digit growth across every geographic segment, but the margin story now looks tighter as higher memory costs meet stronger demand for iPhone and Mac products. Apple’s stock rose in after-hours trading after the earnings release.