"Tim Cook is one of the greatest business leaders of all time. One of the hallmarks of Tim's tenure has been deep thoughtfulness, deliberateness, and discipline when it comes to the company's financial decision-making."
"Apple delivered its best March quarter ever in fiscal Q2 2026, posting revenue of $111.2 billion, up 17% year over year and above estimates of $109.46 billion."
"Apple's Services segment hit an all-time revenue record of $30.9 billion, up from $26.6 billion a year ago, highlighting deepening enterprise support."
Tim Cook celebrated his 28th anniversary at Apple and 15th year as CEO during the earnings call. He will step down in September, becoming executive chairman. John Ternus, a longtime hardware executive, will succeed him. Apple reported a record revenue of $111.2 billion for fiscal Q2 2026, with significant growth in iPhone and Services revenue. CFO Kevan Parekh emphasized the importance of thoughtful financial decision-making, which will continue under Ternus. Analysts noted Apple's strong performance amid complex market conditions and maintained an outperform rating.
Read at Fortune
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