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Apple Posts Record Revenue as Cook Exits
The results capped Cook's tenure with the highest quarterly revenue in Apple's history, driven by robust demand for the latest iPhone and MacBook models.
However, the outgoing chief cautioned that a global memory chip shortage would constrain supplies in the coming months, potentially dampening future growth.
The earnings beat sent Apple shares higher in after-hours trading, reinforcing investor confidence in the company's product ecosystem.
Cook's departure marks the end of an era, with the board expected to name a successor in the coming weeks.
Apple Inc.
American multinational technology company based in Cupertino, California
American multinational technology company based in Cupertino, California
Tim Cook
American business executive
American business executive
IPhone
Line of smartphones developed and marketed by Apple Inc.
Line of smartphones developed and marketed by Apple Inc.
MacBook
Brand of notebook computers
Brand of notebook computers