Apple (AAPL) delivered impressive fiscal Q2 results, showcasing strong growth under outgoing CEO Tim Cook. The tech giant reported a 17% increase in revenue to $111.18 billion, driven primarily by a 22% surge in iPhone sales, which reached $57 billion. Other product lines, including iPads and Macs, also contributed positively, while the services segment saw a 16% revenue increase to $31 billion. Notably, Apple’s gross margin exceeded expectations at 49.3%, despite some pressure from rising memory costs.
This robust performance underscores Apple’s ability to rebound from previous challenges, particularly in iPhone and China sales, which rose 28%. The company anticipates continued growth, projecting a 15% to 17% revenue increase for fiscal Q3 2026. With new CEO John Ternus set to take the helm in September, Apple is positioned for further innovation and strategic growth.
For market professionals, Apple’s strong fundamentals and resilient service ecosystem make it a compelling long-term investment, despite its current high valuation.
Source: fool.com