Apple has reported another record-breaking quarter in terms of revenue and product portfolio growth. The company’s Q2 FY26 results indicate quarterly revenue of $111.2 billion, up 17% year over year. This underlines the solid numbers across their product portfolio, which complements the trajectory across product lines with iPhone revenue up 22%, Mac revenue up 6%, iPad revenue also up 8%, wearables (5%) and services (16%) as well.
Apple’s strong numbers stand in stark contrast to Meta which reported that it lost 20 million ‘Family Daily Active Users’ in the quarter – a term the company previously coined for the collective users across Facebook, WhatsApp, Instagram and Messenger. While Meta is emphasizing that they will be investing billions of dollars in AI investments this year, it appears that users are abandoning its apps and services. Still, Meta’s revenue rose from $42.3 billion year-over-year to $56.3 billion in the quarter. Of concern will be the Reality Labs unit, which reported an operating loss of $4.03 billion, and has seen two waves of layoffs since the beginning of the year.
Apple’s latest quarterly figures come just days after it announced a leadership change – Tim Cook will hand over the reins of Apple Inc. to John Ternes, who will become Apple’s next chief executive starting September 1. Cook will transition to become executive chairman of Apple’s board of directors. More than anything else, these numbers underline the fact that Cook is handing over the business to Ternus, the numbers and the product lines are in excellent financial shape.
“Today Apple is proud to report its best March quarter ever, with revenues of $111.2 billion and double-digit growth in every geographic segment. iPhone achieved March quarter revenue records due to such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved another all-time record, and we were excited to introduce remarkable new products to our strongest lineup yet,” said Apple CEO Tim Cook.
“This includes the launch of the iPhone 17e and M4-powered iPad Air as well as the MacBook Neo, which is attracting customers around the world,” he said. During the earnings call, Apple emphasized that they were internally confident about MacBook Neo sales projections ahead of its launch in March, and that actual growth in stores in terms of sales has been higher than expected.
The company’s CFO Kevan Parekh reported that it generated more than $28 billion in operating cash flow in the March quarter, a quarterly record for the period. Geographically too, Apple reported net sales growth across the Asia Pacific region, including India, the US, Europe, Greater China and Japan. For Apple, the iPhone returned nearly $57 billion in revenue, up from $46.8 billion in the same period last year. Services too, at $30.9 billion, up significantly from $7.2 billion the previous year.
Affordable price tag, debut ₹At Rs 69,900 in India, the MacBook is the lowest priced in the portfolio. It is powered by an iteration of Apple’s A18 Pro chip previously seen on the iPhone 16 Pro series. Products priced below the usual entry price into the line-up have been a theme for Apple in the first half of 2026. iPhone 17e was also released, price ₹Starting at Rs 64,900, it becomes the most affordable iPhone of the current generation.
Apple’s financial and sales momentum is strong heading into this summer’s annual Worldwide Developer Conference (WWDC), with expectations of a renewed Apple Intelligence push, the addition of a new Siri assistant and Google’s Gemini model.
