Apple posted $111.2 billion in total revenue for Q2 2026, its best March quarter on record, with iPhone alone generating $57 billion, a 22 percent year-over-year jump.
The growth came despite processor supply constraints. CEO Tim Cook told Reuters that iPhone demand was 'off the charts' but acknowledged 'a little less flexibility at the moment for getting more parts.' He warned Mac could face similar supply pressure given sustained high demand.
The supply chain angle is where this story gets worth reading in full. Cook's language is careful, but the implication is that constrained parts are actively capping revenue that would otherwise be higher. The Verge has the complete earnings breakdown at the link.
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