Apple Posts Record Quarter as Tim Cook Prepares to Step Down
Apple reported record March-quarter revenue of about $111.18–$111.2 billion while warning of rising memory costs and naming John Ternus to succeed Tim Cook on Sept. 1.
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Overview
Apple reported its best March quarter ever, with revenue of about $111.18 to $111.2 billion, the company said.
Outgoing CEO Tim Cook warned that memory chip costs will be "significantly higher" in the June quarter and beyond, the company said.
Apple introduced John Ternus as its successor and said he will become CEO on Sept. 1 while Cook will become executive chairman, the company said.
iPhone revenue was $56.99 billion and iPhone sales rose 22% in the quarter, Apple said.
Apple said revenue in the June quarter will increase between 14% and 17% from a year earlier, the company said.
Analysis
Center-leaning sources frame Apple’s earnings as a growth-success narrative by foregrounding iPhone momentum, record-quarter metrics, and an orderly CEO transition. Editorial choices favor business-positive framing—prominent placement of company statements and upbeat descriptors, selective inclusion of analyst praise, and limited critical or regulatory perspectives, while executive quotes remain present as source content.