Concerns over component availability could put a cap on growth for the rest of the year
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MacBook Neo. Image: Apple
Apple has reported better-than-expected quarterly figures, thanks to strong sales of both Mac computers and the iPhone. Revenue and profit both came in above analysts’ expectations. At the same time, Apple indicated that it is still facing supply chain constraints, particularly due to a shortage of memory chips.
Revenue amounted to just over $111 billion, of which $30 billion related to services and $80 billion to products. Net profit came in at $29 billion.
The iPhone accounted for $56.99 billion dollars, compared to $46.84 billion in the second quarter of 2025. Mac revenue totalled $8.4 billion, up from $7.95 billion a year earlier.
iPad revenue of $6.9 billion marks a positive development compared with last year’s drop to $5.56 billion. The wearables, home and sccessories category has risen from $7.5 billion in the same period last year to $7.9 billion now.
Although demand therefore remains high, these supply issues may limit production and sales in the short term. Apple expects these challenges to persist for the time being.
The results underline that Apple continues to perform well, even as the global electronics market comes under pressure and components remain scarce. At the same time, they show that the company is still heavily dependent on its supply chain to meet demand.
In September, John Ternus will succeed Tim Cook as Apple’s CEO, well ahead of the launch of the new iPhones and Apple’s first foldable phone.
Ternus is an Apple veteran who joined the product design team in 2001. He rose to become senior vice president of hardware engineering and was a driving force behind iconic products such as the recent MacBook Neo.
At 50, Ternus is exactly the same age Tim Cook was when he took over from Steve Jobs. This gives Apple the prospect of a decade of stable leadership.
Ternus does not, however, inherit an easy brief. He must steer Apple through a number of tough dossiers: Apple is currently lagging behind giants such as Google, Microsoft and OpenAI. Apple has not developed truly revolutionary products for some time. The Vision Pro is not selling well and the team behind it has been disbanded.
Tim Cook is not disappearing completely. He will become executive chairman of the board of directors and will mainly focus on the company’s diplomatic side: maintaining relationships with world leaders and policymakers, an area in which Ternus still has limited experience.
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