Apple (AAPL) Sets Record iPhone Revenue at $56.99 Billion Q2 2026

AI Summary

Renaissance Technologies has initiated a new position in Apple Inc. (AAPL), acquiring over 3 million shares in Q1 2026. In Q2 2026, Apple reported iPhone revenue of $56.99 billion, reflecting a 22% year-over-year increase, driven by strong demand for the iPhone 17 lineup. Additionally, services revenue reached a high of $30.98 billion, marking a 16% growth. Despite concerns about market slowdowns, Apple achieved double-digit revenue growth in all geographic segments, with Greater China sales jumping 28% to $20.5 billion, highlighting robust international demand.