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

Analyst Insights
05 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

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.

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Apple raises prices for Apple Music and Apple One subscriptions amid rising licensing costs.

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Roundhill Magnificent Seven ETF offers equal exposure to top 7 mega-cap tech stocks but with higher risk and cost.

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Apple launches 'Apple Upgrade' leasing program to boost device sales starting July 28 in the US

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