Apple Posts 21.7% iPhone Growth, $111B Revenue

• Apple reported fiscal Q2 2026 revenue of $111.18 billion and EPS $2.01, beating analysts’ $108.92 billion and $1.93 EPS expectations.
• iPhone sales jumped 21.7% YoY to $56.99 billion, marking a second consecutive quarter of over‑20% growth and the best March quarter ever.
• Apple authorized a $100 billion share buyback and announced CEO transition, with Tim Cook becoming chairman and John Ternus taking the CEO role.
• Services revenue rose 16.3% YoY to $30.98 billion, while Mac, iPad and wearables also posted double‑digit growth, underscoring diversified momentum.