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Apple's outgoing CEO, Tim Cook, bade an emotional farewell to analysts and shareholders on Thursday as the company announced a record June quarter. His successor, John Ternus, takes over at the beginning of September with the company seemingly in solid shape.
The results were impressive, though some worrying challenges were confirmed. Apple managed to set a new June quarter record, but acknowledged slowing services growth and an unexpected mishap in forecasting future demand. Mac sales jumped an absolutely astonishing 28.7%, as the MacBook Neo grabbed consumer imagination, and overall the company saw growth everywhere except the iPad.
Apple's fiscal Q3 2026 results saw the company generate $109.4 billion in revenue, up 16% year-over-year for a net quarterly profit of $29.8 billion. Gross margin for the quarter was 50.1%, compared to 46.5% in the year-ago quarter (though two points of this was attributed to tariff returns).
More specifically:
iPhone sales were up 21.7%, an unusually high number for what is traditionally a slower quarter.
Wearables increased 6.5%.
Services revenue increased 12%.
And the iPad declined 5.9%.
The Mac is out the bottle
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As newspapers move online, the buildings that once housed their printing presses need new occupants.
The Minnesota Star Tribune has just sold its old printing plant on the edge of Minneapolis to the aptly named property developer Legacy Investing, which plans to create a new data center there. has found the ideal way to bring them back to life.
This is the second such move by Legacy. It has already bought a building in downtown Minneapolis that it has transformed into a data center for artificial intelligence and cloud computing.
These old buildings, already connected to power, are an attractive option for developers — especially with some grid operators threatening power cuts for new-build data centers during power shortages.
Legacy is taking a small-is-beautiful approach rather than replicating the massive data centers being built for Big Tech firms. Those are the size of small towns and consume huge volumes of water and hundreds of megawatts of power, while the capacity of Legacy's downtown building is about 30 MW, and it expects the Star Tribune site to host around 20 MW
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 Apple currently plans to unveil its first smart glasses at WWDC 2027 next June, and privacy will be a focus, according to Bloomberg's Mark Gurman.
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Network management and visualization vendor Splunk, which is set to be acquired by Cisco in a $28 billion deal, will cut about 560 jobs in a global restructuring, the company announced Wednesday in an SEC filing.
Splunk president and CEO Gary Steele said in the filing that employees in the Americas set to lose their jobs will be notified throughout today, and that the company plans to offer severance packages to laid-off employees, as well as healthcare coverage and job placement assistance for an undisclosed length of time.
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