Apple posted its fiscal Q2 results after the closing bell on 30 April: revenue of approximately $110 billion, earnings of about $1.95 per share. Sales rose in every region. Tim Cook hosted his final earnings call as CEO — John Ternus takes the seat in September.
The Numbers
- Revenue: approximately $110 billion (Street consensus: ~$110B)
- EPS: approximately $1.95 (Street consensus: ~$1.95)
- Americas: $45.1 billion
- Europe: $28.1 billion
- Greater China: $20.5 billion — the most-watched line, up year-over-year
- Japan: $8.4 billion
- Forward guidance: revenue up 14–17 percent year-over-year next quarter, factoring in Mac Mini and Mac Studio supply constraints
The Tim Cook Bookend
Cook’s final earnings call closes a fifteen-year run that took Apple from roughly $300 billion to over $3 trillion in market cap. Services launched as a category, China was entrenched as the manufacturing centre, and Apple Silicon redefined the Mac. The call carried a valedictory tone in places, but the operating numbers were the message.
What Ternus Inherits
- A Mac portfolio recovering from Mini and Studio supply constraints
- An iPhone refresh cycle entering its mid-stage
- A Services franchise still expanding gross margin
- An AI capex program now visible as a real line item
- A China revenue line that beat expectations this quarter — but tariff exposure remains
Why It Matters
The numbers steady the broader Mag-7 picture after a mixed-tone earnings week (Microsoft, Alphabet, Amazon, Meta). Apple’s consumer-tech bellwether read is constructive: pricing held, regions broadened, China re-accelerated. The stock reaction will set tone going into Berkshire’s Saturday meeting and the next macro releases.
Follow Vibes Uncut Media for continuing earnings-season coverage.
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