# Apple posts record June quarter revenue of $109.4 billion 2026-08-16T13:24:41+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Apple reported a record June quarter revenue of $109.4 billion, up 16% year-on-year, with double-digit growth in most emerging markets including India. CEO Tim Cook said the company achieved revenue records in every geographic segment. However, the company flagged rising memory chip prices and supply constraints as risks for future quarters, expecting higher memory costs in the September quarter and beyond. iPhone sales rose 21.7% to $54.25 billion, while Mac sales grew 28.66% to $10.35 billion. Apple increased starting prices of MacBook and iPad models by 20-42% globally due to higher memory chip costs. CFO Kevan Parekh noted strong growth in Latin America, India, and Southeast Asia. Counterpoint Research expects Apple to outperform the broader smartphone industry despite cost pressures, citing ecosystem strength and pricing power. Analysts said India set another revenue record for Apple. CyberMedia Research noted Apple's competitive advantage over Android OEMs, but cautioned that its ability to absorb rising memory costs through inventory management is narrowing. John Ternus is scheduled to take over as CEO on September 1, 2026, with Cook becoming Executive Chairman. ## Coverage - thehindu.com - thehansindia.com This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-08-17T17:16:59+00:00. Tags: Apple, India, iPhone, MacBook, memory chips, Tim Cook Canonical: https://indianopinion.org/apple-posts-record-109-4-bn-june-quarter-flags-memory-chip-risks/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/apple-posts-record-109-4-bn-june-quarter-flags-memory-chip-risks/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/