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Apple reported record Services revenue of $30.98 billion in Q1 2026, up 16.3% year-on-year and ahead of the $30.4 billion Wall Street estimate. The result, paired with strong iPhone sales, helped Apple beat overall earnings expectations. Services now stands as a key margin driver for the company.
Tim Cook will step down as Apple's CEO in September, with hardware chief John Ternus named as his successor. The transition comes as Apple's App Store business faces regulatory and legal pressure on its 30% commission model. Investors will focus on whether Ternus can defend services margins through the leadership
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Apple reported record Services revenue of $30.98 billion in Q1 2026, up 16.3% year-on-year and ahead of the $30.4 billion Wall Street estimate. The result, paired with strong iPhone sales, helped Apple beat overall earnings expectations. Services now stands as a key margin driver for the company.
2mo ago · 1 min · Markets
Tim Cook will step down as Apple's CEO in September, with hardware chief John Ternus named as his successor. The transition comes as Apple's App Store business faces regulatory and legal pressure on its 30% commission model. Investors will focus on whether Ternus can defend services margins through the leadership
2mo ago · 1 min · Business
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