Apple reports record quarterly revenue, marking momentum ahead of leadership transition

Apple reports another record breaking quarter in terms of revenue and product portfolio growth. The company’s fiscal 2026 second quarter results indicate quarterly revenue of $111.2 billion, that is up 17% year on year. That underlines solid numbers across their product portfolio, snapshotted by iPhone revenue that’s up 22%, Mac revenue that’s increased 6%, iPad revenue too increasing by 8%, alongside wearables (5%) and services (16%) rounding off the trajectory across the product lines.

Apple’s robust numbers are in stark contrast to Meta which reported that it lost 20 million ‘Family Daily Active Users’ in the quarter — a term the company previously coined for collective users across Facebook, WhatsApp, Instagram and Messenger.