Apple hails 'extraordinary' iPhone demand as boss Tim Cook heads out
Cook is preparing to bow out after 15 years at the helm and hand over to John Ternus.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"recent demand for the iPhone had been 'extraordinary', making the iPhone 17 the 'most popular launch in [Apple's] history.'"
— Tim Cook , Executive
"We have an incredible roadmap ahead…suffice it to say this is the most exciting time in my career at Apple to be building products and services."
— John Ternus , Executive
"So [daily active users] is both our mission and also fuel for the business."
— Ladd Huffman , Executive
"There’s no one on this planet I trust more to lead Apple into the future than incoming CEO John Ternus."
— Tim Cook , Executive
"Never forget the north star for the company. You know, we’re about making the best products in the world that really enrich other people’s lives."
— Tim Cook , Executive
"This is the most exciting time in my 25-year career at Apple to be building products and services."
— John Ternus , Executive
"Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment."
— Tim Cook , Executive
"There’s just a little less flexibility in the supply chain at the moment for getting more parts."
— Tim Cook , Executive
"In my view, Tim is one of the greatest business leaders of all time. Stepping into the role of CEO is an incredible honor, and it means a great deal to me to have Tim’s trust and confidence."
— John Ternus , Executive
"recent demand for the iPhone had been 'extraordinary', making the iPhone 17 the 'most popular launch in [Apple's] history.'"
— Tim Cook , Executive
"I know he will push us to go further than we think is possible in order to deliver products for our users."
— Tim Cook , Executive
"So [daily active users] is both our mission and also fuel for the business."
— Ladd Huffman , Executive
"Today Apple is proud to report our best March quarter ever. iPhone achieved a March quarter revenue record, fueled by extraordinary demand for the iPhone 17 lineup."
— Tim Cook , Executive
"Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment."
— Tim Cook , Executive
"We were excited to introduce remarkable new products to our strongest lineup ever."
— Tim Cook , Executive
"extraordinary demand for the iPhone 17 lineup"
— Tim Cook , Executive
Key People
John Ternus is a senior executive at Apple, set to replace Tim Cook as CEO.
Kevan Parekh is the Chief Financial Officer of Apple Inc.
Ladd Huffman is the CEO of Reddit.
Tim Cook is the CEO of Apple Inc., known for leading the company through significant product innovations and expansions.
Tags
All Coverage
Cook is preparing to bow out after 15 years at the helm and hand over to John Ternus.
Apple announced record earnings for its March quarter, with iPhone sales revenue up 22% year over year, marking the best March quarter ever.
Apple's Q2 earnings exceeded analysts' expectations, with revenue of $111.2 billion driven by strong iPhone 17 sales, as CEO Tim Cook prepares to transition to executive chairman.
Apple reported $111.2 billion in revenue for Q2 2026, surpassing Wall Street expectations, with CEO Tim Cook announcing his upcoming departure after 15 years at the helm.
Apple reported a record quarter with $111.2 billion in revenue, but CEO Tim Cook warned of potential memory chip supply issues affecting future business.
Apple's iPhone 17 lineup saw 'extraordinary' demand, contributing to a 17% increase in overall product sales to $111 billion in Q2 2026.
Apple achieved a record $111.2 billion in revenue for Q2 2026, driven by strong iPhone sales and a new all-time high in services revenue.
Similar Stories
Related coverage based on topic and tags
Apple names insider Steve Smith as new M&A chief, memo shows - Reuters
Apple names insider Steve Smith as new M&A chief, memo shows Reuters
October 8, 2026 at 07:46 PMApple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports - Reuters
Apple cuts iPhone 18 Pro orders due to soft demand, Nikkei Asia reports Reuters
October 9, 2026 at 06:05 AMAI chip boom pushes Samsung profits to record $80bn
The tech giant is also expected to get a boost from its latest folding devices that were launched in August.
October 8, 2026 at 01:59 AMLululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship - Reuters
Lululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship Reuters
October 7, 2026 at 09:20 PMPinterest taps Amazon veteran James Dibbo as CFO - Reuters
Pinterest taps Amazon veteran James Dibbo as CFO Reuters
October 5, 2026 at 09:21 PMIntel to keep working on Musk's Terafab chipmaking venture, Bloomberg News reports - Reuters
Intel to keep working on Musk's Terafab chipmaking venture, Bloomberg News reports Reuters
October 7, 2026 at 05:13 AM