economy
Tim Cook passes the baton in Apple's Q3 2026 earnings call
The iPhone and Mac sold well, but memory costs threaten further price increases.
TL;DR
- Apple's Q3 2026 revenue reached $109.42 billion.
- iPhone revenue was $54.25 billion with a 22% increase in sales.
- Mac revenue was $10.35 billion, boosted by the MacBook Neo.
- iPad revenue was $6.19 billion, wearables $7.88 billion, and services $30.74 billion.
- Services revenue experienced a downward trend.
- Concerns exist about rising memory prices and supply constraints impacting future sales and product pricing.
- Tim Cook's final earnings call as CEO, with John Ternus set to succeed him.
- Apple's stock dropped approximately 8% in after-hours trading.
- Cook expressed confidence in Ternus's leadership and Apple's future.