Apple Hits Record Q3 Revenue, Cook to Hand Over CEO; Paid AI Services Teased
智东西 · wechat · 2026-07-31
Apple reported record Q3 FY2026 revenue of $109.4 billion (up 16%) and net income of $29.8 billion (up 27%). iPhone and Mac drove growth, though services and China revenue slightly missed analyst expectations.
Marking Tim Cook's final earnings call, he will hand the CEO role to John Ternus on September 1. Citing an exponential surge in memory costs and supply chain constraints, Apple confirmed Mac price hikes and anticipated ongoing supply tightness.
On the AI front, Cook expressed satisfaction with Apple Intelligence's progress. The company plans to introduce paid tiers within iCloud+ to offer advanced AI features. Apple also noted it has secured approval to deploy foundational AI features in China and is working with the EU on deployment.
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