iPhone maker Apple Inc. (AAPL) on Thursday reported second-quarter results, with revenue and profit increasing year-over-year, driven by strong iPhone sales and services revenue.
Revenue for the quarter was $111.2 billion, compared to $95.4 billion in the same period last year.
The company reported net income of $29.6 billion, or $2.01 per share, compared to $24.8 billion, or $1.65 per share, a year ago.
iPhone revenue rose to $57.0 billion from $46.8 billion last year, while services revenue increased to $31.0 billion from $26.6 billion.
Mac revenue edged up to $8.4 billion from $7.9 billion, while iPad revenue increased to $6.9 billion from $6.4 billion. Revenue from wearables, home and accessories grew to $7.9 billion from $7.5 billion. The company reported double-digit growth across all geographic segments.
The board declared a quarterly dividend of $0.27 per share and authorized an additional $100 billion share repurchase program.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.