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Any tariff refund Apple gets will be reinvested into US manufacturing‎

Apple CEO Tim Cook made it clear, that the company will reinvest any tariff refund it gets into new U.S. manufacturing initiatives, further funding domestic production.Construction is ongoing - Image Credit: AppleIn almost an afterthought at the end of the earnings conference call, Cook made a big announcement. Beyond just going through the recently-announced motions and filing for that tariff refund, Apple has a plan.While there were no specifics, and nobody left to follow up the statement, Apple will invest what it gets back into US manufacturing. Continue Reading on AppleInsider | Discuss on our Forums

01:20
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AppleInsider

Apple's memory stockpile is holding for now, but price rises still loom‎

Apple's ability to prevent memory prices from increasing the cost of iPhones and other products won't last forever. Tim Cook has warned that it's only going to get harder to do so.A Samsung LPDDR5X memory chip - Image Credit: SamsungThe consumer tech industry is struggling to deal with the cost of memory, with supplies choked by the extreme demand of AI infrastructure build-outs. While Apple has managed to stop the cost impacting the price of its products so far, even it has its limits.Asked on the analyst conference call following its Q2 financial results release, incumbent CEO Tim Cook has revealed that pricing has affected the company's bottom line. Continue Reading on AppleInsider | Discuss on our Forums

01:08
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AppleInsider

Apple is predicting up to a $110 billion fiscal third quarter 2026‎

There are no signs of Apple slowing down in Q3 2026, as it is likely to see even more year-over-year growth in spite of a tough comparison for iPad.iPhone 17 demand will help carry Apple through Q3Apple just had a record-breaking March quarter that brought in $111.2 billion in revenue. It seems that momentum won't be slowing going into Q3.Apple Chief Financial Officer Kevan Parekh shared forward-looking statements for Q3 2026 that estimate up to 14% to 17% growth year-over-year. That would mean growth from 2025's $94 billion up to $110 billion for 2026. Continue Reading on AppleInsider | Discuss on our Forums

01:08
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AppleInsider

China demand hinges on good products that resonate with customers, Cook says‎

Apple had a record-breaking March quarter partially thanks to excellent performance in China, but there's more to the story than just basic demand.iPhone 17e helped drive demand in Q2The US government went through a period of upheaval in 2025 thanks to the new administration's aggressive, random, and now illegal tariffs. While not much has improved in that regard, the relationship between the US and China has improved somewhat in the intervening year.According to Apple CEO Tim Cook on CNBC, that improved relationship with China was a positive development, but not the drive. He claims it is that "the product has really resonated with the customer." Continue Reading on AppleInsider | Discuss on our Forums

00:20
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AppleInsider

Mac mini & Mac Studio supply won't recover for several months‎

Apple CEO Tim Cook is thrilled at how well the new Mac lineup is doing, but that isn't good news for anyone looking to score a Mac mini.Tim Cook suspects Mac mini supply constraints into fall 2026Apple's had a great quarter as far as Mac is concerned. And not just with returning Apple fans, but new to Mac users, too.On Thursday, ahead of the April quarterly earnings call, Cook told CNBC: Continue Reading on AppleInsider | Discuss on our Forums

00:20
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AppleInsider

Record quarter leads to new $100B share buyback, increased dividend‎

Apple reported $111.2 billion in revenue for its fiscal second quarter on April 30, delivering growth, record March-quarter results, and a new $100 billion share buyback.Apple posts its latest earnings results"Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment," CEO Tim Cook said. "iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup."Results for the quarter ended March 28, 2026, beat expectations, with earnings per share of $2.01, up 22% year over year. The company posted growth across every geographic segment, with iPhone revenue setting a March-quarter record on demand for the iPhone 17 lineup, while Services reached a new all-time high. Continue Reading on AppleInsider | Discuss on our Forums

00:20
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AppleInsider

Apple earnings crush Wall Street consensus again, Q2 record smashed‎

Apple has reported its financials for the second quarter of 2026, posting a second-quarter record of $111.2 billion with gains almost across the board that exceed the expectations of Wall Street analysts.Current Apple CEO Tim Cook [left], CFO Kevan Parekh [right]The second quarter of Apple's financial calendar has ended, and is usually a fairly quiet affair following the blockbuster first-quarter figures. For 2026, Q2 has a fair bit of expected spice, due to the John Ternus announcement.In the quarter, Apple's revenue hit $111.2 billion, up from the $95.4 billion reported in the year-ago quarter. Continue Reading on AppleInsider | Discuss on our Forums

23:50
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