Apple’s Q2 Revenue Hits $109.4 Billion as Market Defies Supply Challenges

Apple’s second‑quarter earnings surprised the market with $109.4 billion in revenue, marking a 16 percent increase over the same period last year. Diluted earnings per share rose to $2.02, up 29 percent, underscoring the company’s ability to deliver growth in a volatile environment.

Tim Cook acknowledged that the firm navigated supply‑chain difficulties and unfavorable foreign‑exchange movements, yet still achieved record sales across all geographic segments, including a notable surge in India. The company also announced a leadership transition: senior vice‑president of hardware engineering John Turnsey will assume the CEO role on September 1, while Cook moves to an executive chairman position focusing on policy and strategic initiatives.

Analysts from Counterpoint Research projected that Apple’s sales volume in India could see single‑digit growth by calendar year 2026, with revenue rising at a double‑digit pace, driven by expanding pricing power and sustained demand for flagship devices.