{"id":238019,"date":"2026-05-01T16:48:00","date_gmt":"2026-05-01T20:48:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/01\/iphone-and-services-drive-apple-to-record-q2-2026-despite-supply-constraints\/"},"modified":"2026-05-01T17:07:23","modified_gmt":"2026-05-01T21:07:23","slug":"iphone-and-services-drive-apple-to-record-q2-2026-despite-supply-constraints","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/01\/iphone-and-services-drive-apple-to-record-q2-2026-despite-supply-constraints\/","title":{"rendered":"iPhone and Services Drive Apple to Record Q2 2026 Despite Supply Constraints"},"content":{"rendered":"

iPhone and Services Drive Apple to Record Q2 2026 Despite Supply Constraints<\/a><\/p>\n

https:\/\/tidbits.com\/2026\/05\/01\/iphone-and-services-drive-apple-to-record-q2-2026-despite-supply-constraints\/<\/a><\/p>\n

Publish Date: 2026-05-01 16:48:00<\/a><\/p>\n

Source Domain: tidbits.com<\/a><\/p>\n

Tim Cook led off Apple\u2019s Q2 2026 earnings call by talking briefly about how he\u2019s moving from CEO to executive chairman of the board in September, and he brought on incoming CEO John Ternus to say a few words. It was another building block in Apple\u2019s carefully choreographed transition messaging, designed in this case to minimize investor uncertainty. Both thanked Apple shareholders, particularly long-term shareholders, as a not-so-subtle way of reassuring institutional investors.<\/p>\n

Ternus seems ready to step into the CEO role in these calls, with the requisite superlatives (\u201cincredible roadmap\u201d), an acknowledgment that he\u2019ll be dodging analyst questions, and Cookian phrasing (\u201ccouldn\u2019t be more optimistic\u201d). He said:<\/p>\n

As Tim mentioned, we have an incredible roadmap ahead. And while you\u2019re not going to get me to talk about the details of that roadmap, suffice it to say, this is the most exciting time in my 25-year career at Apple to be building products and services. There are so many opportunities before us, and I couldn\u2019t be more optimistic about what\u2019s to come.<\/p>\n

Back at the actual results, Apple announced net profits of $29.6 billion ($2.01 per diluted share) on revenues of $111.2 billion, a record for the March quarter. The company\u2019s revenues are up 17% compared to the year-ago quarter, with earnings per share up by 22% (see \u201cApple Q2 2025 Financials Solid Despite Upcoming Tariff Uncertainty\u201d). With a March quarter revenue record for iPhone sales (up 22% from the year-ago quarter) and yet another all-time record for Services income (up 16%), Apple achieved double-digit revenue growth across every geographic segment.<\/p>\n

As in Q1 2026, the iPhone and Services revenues squeezed Apple\u2019s other product lines, even as those other segments posted healthy growth (see \u201cApple Propelled to Record Q1 2026 Financials by iPhone and Services,\u201d 30 January 2026). The iPhone share of the product mix grew 2% to 51%, and Services held…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

iPhone and Services Drive Apple to Record Q2 2026 Despite Supply Constraints https:\/\/tidbits.com\/2026\/05\/01\/iphone-and-services-drive-apple-to-record-q2-2026-despite-supply-constraints\/ Publish Date:…<\/p>\n","protected":false},"author":1,"featured_media":238020,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/tidbits.com\/uploads\/2026\/04\/2026-Q2-Segments.png","fifu_image_alt":"","footnotes":""},"categories":[120],"tags":[],"class_list":["post-238019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iphone"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/238019"}],"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=238019"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/238019\/revisions"}],"predecessor-version":[{"id":238021,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/238019\/revisions\/238021"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/238020"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=238019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=238019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=238019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}