Apple reported its strongest June quarter ever, posting $109.4 billion in revenue and topping analysts’ expectations of $108.65 billion. The result marks a major earnings beat for the company in a closely watched quarter.
A key driver was a sharp rebound in iPhone demand. Apple said iPhone sales rose 22%, giving its flagship product a significant lift and helping power the record quarterly performance.
The earnings update also drew attention because it was described as the final report before CEO Tim Cook steps down. Alongside the headline numbers, Cook weighed in on two of the company’s most important strategic topics: artificial intelligence and China.
Those comments matter because investors have been watching how Apple plans to position itself in AI while also navigating business conditions in China, one of its most important markets. With revenue at a June-quarter record and iPhone sales accelerating, Apple’s latest results suggest the company entered this period with strong momentum.
