Apple posted stronger-than-expected results for the first quarter of 2026, with iPhone sales and its Services segment leading the way. Services revenue climbed 16.3% year-on-year to $30.98 billion, topping Wall Street's $30.4 billion estimate compiled by StreetAccount. The result marks a record for the segment. Services, which covers the App Store, Apple Music, iCloud, and similar subscription and licensing businesses, has become a key growth engine for Apple. Unlike hardware, it generates high margins and recurring revenue, making it a closely watched line item by investors trying to gauge Apple's long-term profitability. The broader earnings beat was driven by both the Services outperformance and stronger iPhone demand. This combination suggests Apple's ecosystem strategy, locking users into hardware and then monetizing them through software and services, continues to gain traction. Investors will be watching whether Services can sustain double-digit growth as the global subscriber base matures and regulatory scrutiny over App Store fees and practices intensifies across multiple markets.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
