Apple posts record revenue growth; John Ternus named next CEO amid strong outlook.

Apple reported a record quarter with 16.6% year-over-year revenue growth, driven by strong sales of iPhones and Services along with expanding profit margins. John Ternus, a 25-year veteran at Apple, will succeed Tim Cook as CEO, promising continuity in product innovation and financial discipline. Despite risks from tariffs and AI competition, Apple's solid financials and upcoming product launches, including a rumored foldable iPhone Ultra, support a strong buy rating for long-term investors.