|
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
|
|
Amazon has announced it is investing $2.75 billion in OpenAI rival Anthropic, bringing its total investment in the AI startup to $4 billion, as initially announced. In September last year, Amazon had invested an initial tranche of $1.25 billion.
As part of this partnership, Anthropic will use Amazon Web Services (AWS) as its main cloud provider for key operations, including safety research and the development of foundational models. Anthropic will also use AWS Trainium and Inferentia chips for building, training, and deploying future models.
To read this article in full, please click here
|
|
