Apple posts record June quarter revenue of $109.4 billion

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.