Apple iPhone powers quarterly sales to $111B: ‘Demand was off the charts’

Nypost · Apr 30, 2026 · 719 words · By Reuters

open_in_new Read the original article: https://nypost.com/2026/04/30/business/apple-iphone-powers-quarterly-sales-to-11…

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20 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 10

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“Apple on Thursday forecast sales that beat expectations, even as it said it expected to continue to face chip supply constraints, sending shares up more than 3%.”

CORROBORATED

Multiple web search results report that Apple's sales forecasts beat expectations, while also noting that the company expected to face chip supply constraints. This combination of beating forecasts despite supply issues is reported across different sources.

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web search NEUTRAL — Apple on Thursday forecast sales that beat expectations, even as it said it expected to continue to face chip supply constraints, sending shares up more than 3%.
https://www.reuters.com/business/apple-sales-beat-expectatio…

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web search NEUTRAL — Apple CEO Tim Cook said iPhone sales were held back in the quarter by supply constraints for the advanced processor chips that form the brains of the device. The iPhone 17 family's chips are ...
https://finance.yahoo.com/markets/stocks/articles/apple-sale…

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web search NEUTRAL — Apple reported fiscal Q2 revenue of $111.18 billion, beating Wall Street estimates, with strong Mac and services sales offsetting iPhone supply constraints. The company forecast 14%-17% growth ...
https://www.msn.com/en-us/news/other/apple-tops-q2-forecasts…

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“Apple executives said they expect sales growth of 14% to 17% in the current fiscal third quarter, which was above Wall Street estimates of 9.5% growth to $102.93 billion, according to data from LSEG.”

SINGLE SOURCE

While the claim cites specific figures (14%-17% growth, $102.93 billion estimate), the provided evidence only contains general Wikipedia links and non-specific articles. None of the web search results or Wikipedia entries independently confirm the specific growth range (14%-17%) or the specific Wall Street estimate ($102.93 billion) for the current fiscal third quarter.

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wikipedia NEUTRAL — Apple Card is a credit card created by Apple Inc. and currently issued by Goldman Sachs, designed primarily to be used with Apple Pay on an Apple device such as an iPhone, iPad, Apple Watch, or Mac. A…
https://en.wikipedia.org/wiki/Apple_Card

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wikipedia NEUTRAL — Timothy Donald Cook (born November 1, 1960) is an American business executive who has served as the chief executive officer (CEO) of Apple since 2011. He had previously been the company's chief operat…
https://en.wikipedia.org/wiki/Tim_Cook

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wikipedia NEUTRAL — Wall Street is a street in the Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway in the west and South Street and the East River in the east with a len…
https://en.wikipedia.org/wiki/Wall_Street

+ 3 more evidence sources

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“Earlier, Apple reported better-than-expected second-quarter results, with customers showing eagerness to buy a new MacBook model driven by incoming CEO John Ternus, while supply constraints hindered iPhone sales.”

CORROBORATED

Multiple web search results confirm that Apple reported strong sales (MacBook/iPhone 17) and that supply constraints were a factor in iPhone sales. One source specifically mentions Mac sales and services, and another mentions the iPhone 17 lineup and customer excitement.

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wikipedia NEUTRAL — Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, and known for consumer electronics, software and online services. Founded in 1976 …
https://en.wikipedia.org/wiki/Apple_Inc.

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wikipedia NEUTRAL — John Ternus (born 1975 or 1976) is an American engineer and business executive who has served as the senior vice president of hardware engineering at Apple Inc. since 2021. He originally joined Apple …
https://en.wikipedia.org/wiki/John_Ternus

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wikipedia NEUTRAL — The Mac transition to Apple silicon was the process of switching the central processing units (CPUs) of Apple's line of Mac computers from Intel's x86-64 processors to Apple-designed Apple silicon ARM…
https://en.wikipedia.org/wiki/Mac_transition_to_Apple_silico…

+ 3 more evidence sources

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“Apple said sales and profits were $111.18 billion and $2.01 per share for the fiscal second quarter ended March 28, above analyst expectations of $109.66 billion and $1.95 per share, according to LSEG.”

CORROBORATED

Two distinct web search results provide specific financial figures for the fiscal second quarter ended March 28, confirming the reported revenue ($111.18 billion) and EPS ($2.01), and noting that these figures beat analyst expectations ($109.66 billion and $1.95 per share, respectively).

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wikipedia NEUTRAL — Apple Inc. has announced major new and redesigned products and upgrades through press conferences, while minor updates often happen through press releases on Apple Newsroom. The press conferences have…
https://en.wikipedia.org/wiki/List_of_Apple_Inc._media_event…

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+ 3 more evidence sources

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“Sales of the iPhone, still the company’s best-selling product nearly 20 years after its introduction, were $56.99 billion, slightly less than estimates of $57.21 billion, according to LSEG data, after the biggest revamp of the lineup since the iPhone X in 2017.”

CORROBORATED

Two web search results provide the exact figures: iPhone sales were $56.99 billion, which was slightly less than the estimate of $57.21 billion. Both sources also mention the context of the lineup revamp.

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wikipedia NEUTRAL — The Apple Watch is a line of smartwatches developed and marketed by Apple. It has fitness tracking, health-oriented capabilities, and wireless telecommunication, integrating with watchOS and other App…
https://en.wikipedia.org/wiki/Apple_Watch

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wikipedia NEUTRAL — This is a list of best-selling mobile phones. The best selling mobile devices are the bar phone Nokia 1100 and 1110, released in 2003 and 2005, respectively. Both models have sold over 250 million uni…
https://en.wikipedia.org/wiki/List_of_best-selling_mobile_ph…

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wikipedia NEUTRAL — The usage share of an operating system is the percentage of computers running that operating system (OS). These statistics are estimates as wide scale OS usage data is difficult to obtain and measure.…
https://en.wikipedia.org/wiki/Usage_share_of_operating_syste…

+ 3 more evidence sources

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“Apple Chief Financial Officer Kevan Parekh also said the company would no longer aim to bring its net cash – its cash minus debt – to a net neutral position.”

SINGLE SOURCE

The claim mentions a specific executive (Kevan Parekh) and a specific change in company strategy (no longer aiming for net neutral cash). However, the provided evidence only contains generic links to Apple support and account pages, and does not mention Kevan Parekh or the change in net cash strategy.

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web search NEUTRAL — Sep 23, 2023 · The Apple Support phone number in the U.S. is 1-800-275-2273 For numbers in other locations, see: Contact Apple for support and service - Apple Support
https://discussions.apple.com/thread/255148892

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web search NEUTRAL — Find answers with millions of other Apple users in our vibrant community. Search discussions or ask a question about your product.
https://discussions.apple.com/welcome

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web search NEUTRAL — Find answers with millions of other Apple Account users in our vibrant community. Search discussions or ask a question about Apple Account.
https://discussions.apple.com/community/apple-account

info

“Apple embarked on that goal in 2018 but still had $54 billion in net cash at the end of the first fiscal quarter in January.”

SINGLE SOURCE

The claim provides specific financial data ($54 billion net cash at end of first fiscal quarter in January). However, the provided evidence only contains generic links to Apple support and account pages, and does not mention this specific financial figure.

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web search NEUTRAL — Find answers with millions of other Apple users in our vibrant community. Search discussions or ask a question about your product.
https://discussions.apple.com/welcome

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“Apple CEO Tim Cook said iPhone sales were held back in the quarter by supply constraints for the advanced processor chips that form the brains of the device.”

CORROBORATED

Two independent web search results directly quote or paraphrase Apple CEO Tim Cook stating that iPhone sales were limited or held back by supply constraints for advanced processor chips.

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web search NEUTRAL — Apple CEO Tim Cook said iPhone sales were held back in the quarter by supply constraints for the advanced processor chips that form the brains of the device. The iPhone 17 family's chips are made on a…
https://money.usnews.com/investing/news/articles/2026-04-30/…

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web search NEUTRAL — Cook said iPhone 17 demand “was off the charts”. He said supply of advanced processor nodes is constrained and “there’s just a little less flexibility in the supply chain at the moment” in terms of ge…
https://9to5mac.com/2026/04/30/tim-cook-iphone-demand-off-th…

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web search NEUTRAL — Apple CEO Tim Cook told analysts that AI adoption has happened faster than expected. Image may contain Electronics Hardware Computer Hardware Phone and Mobile Phone. Photo-Illustration: WIRED Staff; G…
https://www.wired.com/story/apple-sold-out-mac-mini-openclaw…

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“The iPhone 17 family’s chips are made on a variant of the same Taiwan Semiconductor Manufacturing Co chip manufacturing technology as many leading AI chips.”

INSUFFICIENT EVIDENCE

No evidence was gathered for this claim, and the provided evidence set contains no information regarding the chip manufacturing technology for the iPhone 17 family or its relation to TSMC/AI chips.

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“The iPhone 17 family of devices, plus the iPhone Air, was spearheaded by incoming CEO Ternus, who will take over from Cook in September.”

INSUFFICIENT EVIDENCE

No evidence was gathered for this claim, and the provided evidence set contains no information regarding John Ternus succeeding Tim Cook in September or spearheading the iPhone 17 family.

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“Under Ternus, Pro models gained more features but also a higher price tag, while entry-level models such as the 17e and base model iPhone 17 held prices steady relative to their storage capacity.”

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“Apple said gross margins were 49.27%, above estimates of 48.38%, according to LSEG data.”

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“Another product masterminded by Ternus was the MacBook Neo, which costs $500 for students.”

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“Apple said Mac sales, which included several weeks of Neo sales, were $8.4 billion, compared with estimates of $8.02 billion.”

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“Apple holds its annual software developer conference in June, where it is expected to reveal more details about its AI plans.”

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“While Apple is not spending tens of billions of dollars per quarter on AI like its rivals, its research and development costs were up 33.5% to $11.42 billion in the fiscal second quarter.”

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“Apple’s services business... generated $30.98 billion in revenue for the fiscal second quarter, above analyst estimates of $30.39 billion.”

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“Sales of iPads were $6.91 billion, compared with estimates of $6.66 billion, and wearables, which include the Apple Watch, accounted for $7.9 billion in revenue, compared with expectations of $7.7 billion, according to LSEG data.”

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“Apple’s greater China sales were $20.5 billion, beating analyst estimates of $19.45 billion, according to Visible Alpha data.”

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“Apple updated its capital return program, saying its board has authorized an additional $100 billion in buybacks, the same as a year ago.”

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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.

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Apple iPhone powers quarterly sales to $111B: ‘Demand was off the charts’

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