Apple Delivers Record Quarter as iPhone Demand Surges

Apple posted record revenue and earnings, driven by strong iPhone sales and resilient demand across its ecosystem. The company beat expectations and guided for solid growth, pushing shares higher in pre-market trading.

iPhone revenue jumped over 20% year-over-year for a second straight quarter, fueled by strong demand for the latest models, especially premium devices. The Services segment also stood out, continuing to deliver double-digit growth and acting as a key profit engine.

Beyond iPhones, Apple saw steady gains across Mac, iPad, and wearables, highlighting broad-based strength despite ongoing memory chip supply constraints affecting the industry.

The company also announced a massive $100 billion share buyback, reinforcing confidence in its cash flow and long-term outlook.

However, attention is shifting toward leadership changes, with Tim Cook transitioning roles and John Ternus set to take over as CEO. Investors are closely watching whether the new leadership can accelerate Apple’s artificial intelligence strategy, especially as competition intensifies.