Apple’s iPhone revenue jumps to $57 billion despite chip shortages
Apple reported $57 billion in iPhone revenue for the second quarter of 2026, a 22% increase year-over-year despite ongoing chip shortages affecting processor supply. The company achieved a record $111.2 billion in total revenue, driven by strong device sales and growth in its services segment. CEO Tim Cook highlighted robust demand for iPhones and upcoming leadership changes, with John Ternus set to succeed him as CEO in September.
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TechCloseTechPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All TechNewsCloseNewsPosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All NewsAppleCloseApplePosts from this topic will be added to your daily email digest and your homepage feed.FollowFollowSee All AppleApple’s iPhone revenue jumps to $57 billion despite chip shortagesiPhone sales keep going up, and the debut of the MacBook Neo didn’t hurt either.iPhone sales keep going up, and the debut of the MacBook Neo didn’t hurt either.by Emma RothCloseEmma RothNews WriterPosts from this author will be added to your daily email digest and your homepage feed.FollowFollowSee All by Emma RothApr 30, 2026, 8:58 PM UTCLinkShareGiftNilay…
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