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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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It's a sign of the times: Security conference DefCon has added smart glasses to its list of banned audio- or video-recording devices.
The organizers have said that, with no consistent way to understand whether smart glasses are recording or not, they have taken the step to ban them in their entirety on the grounds that they erode trust and invade people's privacy.
Putting corrective lenses in the smart glasses will be no excuse: DefCon insists that visitors bring a pair of glasses without the smarts instead.
The smart glasses ban has been added to DefCon's already strict rules on photography, which among other things ask visitors not to take group shots and to use "portrait" mode (or a low F-stop for those with old-fashioned cameras) to focus on the foreground, so that people in the background appear blurred.
The smart glasses market has gone up a notch lately. Google and Samsung have both announced Gemini powered eyewear running on Android. Apple is looking to launch its new generation of smart glasses next June, citing privacy concerns as the reason for the delay.
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All of the major AI providers want you to use, and ideally stay within, their super apps, and now Microsoft is looking to capture that attention, too.
During an earnings call this week, CEO Satya Nadella confirmed that the tech giant is building a Copilot ‘super app' that will be rolled out this quarter. The new platform will bring together various Copilot tools, including chat, Cowork, long-running Autopilot agents, and the always-on Microsoft Scout, powered by OpenClaw.
Microsoft said the super app will be wired into many of its other governance platforms, including Agent 365, IT Ops, SecOps, FinOps, and business processes. And, it said, CRM and ERP systems will "serve as skills and plug-ins that go into core work."
"You're able to take that enterprise-wide workflow and wire it into the super app," Nadella said, describing it as "the coming together of a new way to work."
With this move, Microsoft will compete with OpenAI's ChatGPT Work, Claude Cowork, and a growing number of others trying to capture as much of a user's workflow as possible. It could prove a strong contender, as everyday Copilot "usage intensity" is at the same level as that of Outlook or Teams, Nadella said, and paid seats now surpass 30 million.
Every model should be ‘swappable'
Even as it builds a super app to bridge workflows, Microsoft is acknowledging enterprise demand for model choice. Customers are making it clear that
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 Apple didn't want to raise its prices but was forced to do so because of exponential increases in memory costs, Apple CEO Tim Cook said today during the company's Q3 2026 earnings call. Apple increased prices for Macs and iPads in June because memory prices have surged.
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