Economy

Apple Posts Best March Quarter Ever Amid AI Surge

Apple reported $111.2 billion in revenue for its March quarter, beating Wall Street expectations and crediting the iPhone 17 lineup and unexpectedly strong AI-driven demand for Macs. The company is now supply-constrained on the Mac Mini, Studio, and Neo for at least the next quarter, with CEO Tim Cook — days from stepping down — describing AI adoption as having moved faster than the company anticipated.

Sources

Apple soars past Wall Street expectations as CEO Tim Cook prepares to step down

The Guardian · Apr 30