Apple has reported a record June quarter with $109.4 billion in revenue, which is up by 16% year over year, along with a net income of $29.789 billion in a Newsroom announcement today. This amounts to $2.02 per share, compared to $1.57 per share from a year before, marking a 28.7% increase.
Apple’s current CEO Tim Cook said, “Today, Apple is proud to report our strongest June quarter ever, with double-digit revenue growth across iPhone, Mac and Services, and in every geographic segment,” “At WWDC26, we were thrilled to introduce the all-new Siri AI, alongside all of Apple’s latest software innovations and important new child safety features.”
- iPhone: $54.252 billion, compared to $44.582 billion (up 21.7%)
- Mac: $10.352 billion, compared to $8.046 billion (up 28.7%)
- iPad: $6.191 billion, compared to $6.581 billion (down 5.9%)
- Wearables, Home and Accessories: $7.883 billion, compared to $7.404 billion (up 6.5%)
- Services: $30.739 billion, compared to $27.423 billion (up 12.1%)
As pointed out by Tim Cook during the Earnings call, these increases are “despite significant foreign exchange headwinds.” The gross margin rose to 50.1% in Q3 2026 compared to 46.5% in Q3 2025.
Compared to Q3 2025, Europe sees a 22.4% increase in net sales. Here’s a full comparison:
- Americas: $45.781 billion, compared to $41.198 billion (up 11.1%)
- Europe: $29.395 billion, compared to $24.014 billion (up 22.4%)
- Greater China: $18.816 billion, compared to $15.369 billion (up 22.4%)
- Japan: $6.554 billion, compared to $5.782 billion (up 13.4%)
- Rest of Asia Pacific: $8.871 billion, compared to $7.673 billion (up 15.6%)
- Total net sales: $109.417 billion, compared to $94.036 billion (up 16.4%)
A cash dividend of $0.27 per share will be payable to shareholders on August 13, 2026.
The Earnings call went live on Apple’s website earlier today. Are you a shareholder? Let us know down in the comments or tweet/post to us at @appleosophy! Be sure to download the Appleosophy App from the App Store or visit our website to stay updated with the latest Apple News!
