{"id":616989,"date":"2026-05-01T09:48:19","date_gmt":"2026-05-01T09:48:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/616989\/"},"modified":"2026-05-01T09:48:19","modified_gmt":"2026-05-01T09:48:19","slug":"apple-earnings-beat-forecasts-on-iphone-17-demand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/616989\/","title":{"rendered":"Apple earnings beat forecasts on iPhone 17 demand"},"content":{"rendered":"

\"Apple Apple CEO Tim Cook will step down later this year, taking a position atop the board of directors (WIN MCNAMEE) \u00b7 WIN MCNAMEE\/GETTY IMAGES NORTH AMERICA\/Getty Images via AFP <\/p>\n

Apple said Thursday it had its best-ever start to the year when it came to earnings, with iPhone demand and digital service sales helping it beat expectations.<\/p>\n

The pioneering Silicon Valley company reported profit of $29.6 billion on revenue of $111.2 billion in the recently ended quarter.<\/p>\n

“Today Apple is proud to report our best March quarter ever,” chief executive Tim Cook said in an earnings call, noting revenue hit a record high for the three-month period.<\/p>\n

Apple shares dipped slightly after the release but rose nearly four percent on optimism expressed on the earnings call.<\/p>\n

During the quarter, iPhone sales grew by double digits in just about every country where it does business, and its services unit reached an all-time high, according to Cook.<\/p>\n

The earnings come as Apple prepares for a changing of the guard, with Cook to step down as chief executive late this year.<\/p>\n

The future of Apple is being entrusted to a company veteran said to combine hardware brilliance with “the soul of an innovator.”<\/p>\n

John Ternus, 50, will take over as Apple chief executive in September, with Cook becoming executive chairman of the iPhone maker’s board of directors.<\/p>\n

“This is the most exciting time in my 25-year career at Apple,” Ternus said on the earnings call, declining to disclose details of the company’s roadmap.<\/p>\n

“There are so many opportunities before us, and I couldn’t be more optimistic about what’s to come.”<\/p>\n

A big question will be whether Ternus has “the appetite for the kind of bold, occasionally uncomfortable decisions” that defining an Apple AI platform will require, said IDC analyst Francisco Jeronimo.<\/p>\n

Legendary Apple co-founder Steve Jobs was known for brutal honesty and unyielding perfectionism that led to culture-changing devices.<\/p>\n

Apple celebrates its 50th anniversary this year as artificial intelligence challenges the legendary company to prove it can deliver yet another must-have innovation.<\/p>\n

The brand’s hit products — the Mac, iPhone, Apple Watch and iPad — command a cult-like following, long after the company’s humble beginnings on April 1, 1976 in Jobs’s garage in Cupertino, California.<\/p>\n

One concern haunting investors is that Apple appears to be easing into generative AI while rivals Google, Microsoft and OpenAI race ahead.<\/p>\n

A promised upgrade to its Siri digital assistant was delayed in what analysts called a rare stumble for the company.<\/p>\n

And rather than relying on its own engineers to overhaul Siri, Apple has turned to Google for AI capability.<\/p>\n

But whether built in-house or outsourced, Apple’s obsession with user privacy and its premium hardware could position it to drive widespread adoption of personalized AI — and make it profitable, a goal that has proved elusive for much of the AI industry.<\/p>\n","protected":false},"excerpt":{"rendered":"Apple CEO Tim Cook will step down later this year, taking a position atop the board of directors…\n","protected":false},"author":2,"featured_media":616990,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[517,516,28,154868,4532],"class_list":["post-616989","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-apple","tag-apple-watch","tag-business","tag-john-ternus","tag-tim-cook"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/616989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=616989"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/616989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/616990"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=616989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=616989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=616989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}