Overview
- Apple, which reported results Thursday, posted $111.2 billion in revenue and $2.01 in EPS for a record March quarter and approved a new $100 billion share buyback with a dividend increase to $0.27.
- iPhone 17 demand set a March‑quarter record at $56.99 billion, and Services reached an all‑time high of $30.98 billion.
- Mac revenue rose to $8.4 billion, helped by early sales of the lower‑priced MacBook Neo that broadened interest in Apple laptops.
- Apple said processor capacity and a global memory shortage are limiting iPhone supply and will drive significantly higher memory costs in the June quarter, which could pressure margins.
- The company forecast 14%–17% year‑over‑year growth for the current quarter and pointed to rising AI R&D as investors look to WWDC in June and the Sept. 1 CEO handoff to John Ternus.