Apple's Q2 2026 report card: $111 billion in revenue, a record on every line, and a memory bill coming due

Times Of India Times Of India —

Apple posted its best March quarter ever in Q2 FY2026—$111.2 billion in revenue, up 17% year over year, with iPhone sales jumping 22% to $57 billion and Services hitting an all-time high of $31 billion.

Every product category and every geographic region grew.

The catch: memory costs are rising fast, Mac supply can't keep up with demand, and Tim Cook is handing the CEO role to John Ternus on September 1.

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Apple revenue hits record $111B