Apple briefly reached a $5 trillion market capitalization driven by strong iPhone sales and excitement around its upcoming Siri AI feature, which is limited to newer iPhones and may encourage some upgrades. The company's recent fiscal Q3 2026 results beat revenue and iPhone sales expectations, though services revenue fell short despite good profit margins. Despite this growth, the stock is considered overvalued with a high forward price-to-earnings ratio, and the Siri AI is not yet seen as a game-changer amid potential margin pressures.
Apple announced it has surpassed 1.5 billion subscribers for its services, including Apple Store, AppleCare, and media services. However, its services revenue for the fiscal third quarter fell short of Wall Street expectations, mainly due to a slowdo...
Apple CEO Tim Cook announced his departure after 15 years, leaving the company with record quarterly revenue of $109.42 billion and a 27% profit increase. However, Apple forecasted lower-than-expected revenue growth for the next quarter due to chip s...
Apple reported its strongest June quarter ever with $109.4 billion in revenue, driven by a 22% rise in iPhone sales and record Mac revenue. CEO Tim Cook, who will step down on Sept. 1 after 15 years, highlighted Apple's pragmatic approach to AI, incl...
Apple reported fiscal Q3 sales of $109.42 billion, up 16.4%, surpassing analyst expectations due to strong iPhone and Mac sales amid price hikes. iPhone sales rose 21.7% to a record $54.25 billion, while Mac sales increased 29% despite chip supply co...
Apple reported a 16% revenue increase to over $109 billion for its fiscal third quarter ending in June, driven by strong iPhone sales and growth in Mac and Services. Despite missing some Wall Street forecasts in Services revenue, the quarter marks CE...
