# Apple posts record $109.4 bn revenue, warns of supply constraints

2026-08-07T09:55:23+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Apple posted a record June quarter revenue of $109.4 billion, up 16% year-on-year, beating analyst estimates. iPhone sales rose 21.7% to $54.25 billion, and Mac sales grew 28.66%. India, America, and Europe all set June quarter records. However, the company forecast September quarter revenue growth of 9-11%, below Wall Street's 12% target, citing severe supply constraints for advanced chipmaking technology and rising memory chip prices. Shares fell 6% in after-hours trade. Apple CFO Kevan Parekh said memory costs would increase further in the September quarter, partly offset by carry-in inventory and lower non-memory component costs. CEO Tim Cook said the company is evaluating alternative suppliers. The services business grew 12.1% to $30.74 billion, missing estimates. Apple's gross margin was 50.1%, helped by tariff refunds. In India, analysts say the country offers a long runway for growth, but price hikes on Macs and iPads (20-42%) will test demand.

## Coverage

- thehindu.com <https://www.thehindu.com/business/Industry/apple-posts-record-june-quarter-revenue-of-1094-billion-flags-higher-memory-chip-prices-as-pressure-point/article71291972.ece>
- thehindu.com <https://www.thehindu.com/sci-tech/technology/apple-revenue-forecast-lags-wall-street-targets-as-iphone-maker-struggles-with-supply-chain/article71288898.ece>

Tags: Apple, India, memory chips, smartphones, technology
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