Description

Apple Faces Mac Supply Headwinds Despite Record March Quarter Revenue!

Apple Inc. reported strong financial results for the second quarter of fiscal 2026, achieving $111.2 billion in revenue, a 17% year-over-year increase and a record for the March quarter. This growth was driven primarily by iPhone sales, which reached $57 billion, up 22% year-over-year, despite supply constraints. Apple highlighted the reception of the iPhone 17 family, noting it as the most popular lineup in the company’s history for a March quarter and marking gains in market share across several key markets, including the U.S., Greater China, and India. The active installed base of devices expanded to over 2.5 billion, supporting robust services revenue, which also set an all-time record at $31 billion and grew 16% year-over-year. The Mac segment saw 6% revenue growth to $8.4 billion, aided by new product launches such as the MacBook Neo and improvements to existing laptops powered by the M5 chip.