Apple Easily Beats Wall Street Expectations, Services Revenue Shoots Up 16% to Record $31 Billion in March 2026 Quarter
Apple reported strong financial results for its March 2026 quarter, exceeding Wall Street expectations with $111.2 billion in revenue and $29.58 billion in net income. The company's Services segment reached a record $30.98 billion, growing 16.3% year over year, while iPhone sales surged 22% to $57.99 billion. CEO Tim Cook announced his upcoming transition to executive chairman, with John Ternus set to succeed him as CEO in September 2026.
- ▪Apple's Services revenue grew 16.3% to $30.98 billion in the March 2026 quarter, surpassing analyst expectations.
- ▪Total revenue for the quarter reached $111.2 billion, a 17% increase year over year, with net income of $29.58 billion.
- ▪iPhone sales rose 22% to $57.99 billion, marking a record March quarter and driven by demand for the iPhone 17 lineup.
- ▪Apple reported double-digit growth across all geographic regions, including a 28% increase in the Greater China region.
- ▪Tim Cook will step down as CEO on September 1, 2026, transitioning to executive chairman, with John Ternus becoming the new CEO.
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Home Digital News Apr 30, 2026 1:39pm PT Apple Easily Beats Wall Street Expectations, Services Revenue Shoots Up 16% to Record $31 Billion in March 2026 Quarter By Todd Spangler Plus Icon Todd Spangler NY Digital Editor xpangler Latest Apple Easily Beats Wall Street Expectations, Services Revenue Shoots Up 16% to Record $31 Billion in March 2026 Quarter 24 minutes ago Roku Q1 Sales Pop 22%, Company Breaks Out Results for Advertising and Subscriptions Businesses for First Time 59 minutes ago FCC Chairman Claims No Pressure From Trump’s White House to Go After ABC Over Kimmel Joke, Trolls Critic Accusing Him of Being a ‘Whole Bitch’ With Meme From ‘Parks and Recreation’ 4 hours ago See All Getty Images Apple hit another high note in the first three months of 2026, delivering an earnings…
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