Apple’s iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device’s processor. In an interview with Reuters, Apple CEO Tim Cook said iPhone « demand was off the charts, » but there’s « a little less flexibility at the moment for getting more parts. » Cook added during an earnings call that supply constraints could come for Mac, too, « given the continued high levels of demand that we’re seeing. »
Apple earned $111.2 billion in revenue during the second quarter of 2026, its « best March quarter ever, » according to Cook. This latest earnings report comes a little over a week after the …
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