{"id":237772,"date":"2026-05-01T03:29:00","date_gmt":"2026-05-01T07:29:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/01\/apple-tops-111b-in-q2-with-record-iphone-and-services\/"},"modified":"2026-05-01T05:45:28","modified_gmt":"2026-05-01T09:45:28","slug":"apple-tops-111b-in-q2-with-record-iphone-and-services","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/01\/apple-tops-111b-in-q2-with-record-iphone-and-services\/","title":{"rendered":"Apple Tops $111B in Q2 With Record iPhone and Services"},"content":{"rendered":"<p><a href=\"https:\/\/www.heygotrade.com\/en\/news\/apple-q2-fy2026-iphone-services-record-mac-shortage\/\">Apple Tops $111B in Q2 With Record iPhone and Services<\/a><\/p>\n<p><a href=\"https:\/\/www.heygotrade.com\/en\/news\/apple-q2-fy2026-iphone-services-record-mac-shortage\/\">https:\/\/www.heygotrade.com\/en\/news\/apple-q2-fy2026-iphone-services-record-mac-shortage\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-01 03:29:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.heygotrade.com\">www.heygotrade.com<\/a><\/p>\n<p>Gotrade News &#8211; Apple closed its March quarter on Thursday (30\/04) with $111.2 billion in revenue, beating Wall Street and lifting both iPhone and Services to record levels. The result reset expectations into the June quarter even as the company flagged Mac and iPhone supply constraints alongside rising memory costs ahead.<\/p>\n<p>The print is the cleanest signal yet that the iPhone 17 cycle is intact and that Services is now the dominant high-margin engine for the platform. Investors heading into earnings season will read the guidance as a meaningful upgrade for the broader US large-cap tech tape.<\/p>\n<p>Key Takeaways:<\/p>\n<ul>\n<li>Apple Q2 revenue jumped 17% to $111.2 billion with iPhone at $56.99 billion and Services at a record $30.98 billion, supporting AAPL and the wider US tech complex.<\/li>\n<li>Services gross margin of 76.7% against products at 38.7% explains why earnings outpaced revenue and why AAPL still commands a premium multiple.<\/li>\n<li>June quarter guidance calls for 14 to 17% revenue growth, well above analyst expectations near 9.5%, while Mac supply and memory costs stay watch items.<\/li>\n<\/ul>\n<p>According to 9to5Mac, Apple delivered $111.2 billion in March quarter revenue, up 17% year over year, with diluted earnings per share of $2.01 and net income of $29.58 billion. The print exceeded the company guidance band of 13 to 16% growth and beat consensus EPS estimates of $1.94, driven by the iPhone 17 launch cycle.<\/p>\n<p>iPhone revenue alone reached $56.99 billion, a March quarter record, with CEO Tim Cook citing extraordinary demand across the iPhone 17 lineup. Mac came in at $8.40 billion against expectations of $8.02 billion, while iPad delivered $6.91 billion and Wearables, Home and Accessories added $7.90 billion to the topline.<\/p>\n<h2 id=\"services-now-carries-the-margin-story\">Services Now Carries the Margin Story<\/h2>\n<p>According to The Motley Fool, Apple&#8217;s Services revenue of $30.98 billion grew 16.3% year over year and posted a 76.7% gross margin compared with 38.7% on products. The gap pushed total company gross margin to 49.3%, up 110 basis points sequentially,&#8230;<\/p>\n<p><a href=\"https:\/\/www.heygotrade.com\/en\/news\/apple-q2-fy2026-iphone-services-record-mac-shortage\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple Tops $111B in Q2 With Record iPhone and Services https:\/\/www.heygotrade.com\/en\/news\/apple-q2-fy2026-iphone-services-record-mac-shortage\/ Publish Date: 2026-05-01 03:29:00&#8230;<\/p>\n","protected":false},"author":1,"featured_media":237773,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/files-tr8.s3.ap-southeast-1.amazonaws.com\/blog-posts\/25bb1a7f6c8da18c1c7f437a\/feature-images\/69f445f329887-feature-image.jpg","fifu_image_alt":"","footnotes":""},"categories":[120],"tags":[80],"class_list":["post-237772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iphone","tag-iphone-17"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/237772"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=237772"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/237772\/revisions"}],"predecessor-version":[{"id":237774,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/237772\/revisions\/237774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/237773"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=237772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=237772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=237772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}