Apple had a record-breaking March quarter partially thanks to excellent performance in China, but there's more to the story than just basic demand. iPhone 17e helped drive demand in Q2 The US government went through a period of upheaval in 2025 thanks to the new administration's aggressive, random, and now illegal tariffs. While not much has improved in that regard, the relationship between the US and China has improved somewhat in the intervening year. According to Apple CEO Tim Cook on CNBC , that improved relationship with China was a positive development, but not the drive. He claims it is that "the product has really resonated with the customer." Continue Reading on AppleInsider | Discuss on our Forums
Apple today announced financial results for the second fiscal quarter of 2026, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $111.2 billion and net quarterly profit of $29.6 billion, or $2.01 per diluted share, compared to revenue of $95.4 billion and net quarterly profit of $24.8 billion, or $1.65 per diluted share, in the year-ago quarter . Services revenue again reached an all-time high during the quarter, while company revenue, earnings per share, and iPhone revenue all set March quarter records. Gross margin for the quarter was 49.3 percent, compared to 47.1 percent in the year-ago quarter. Apple's board of directors also authorized an additional $100 billion for share repurchases and declared an increased dividend payment of $0.27 per share, up from $0.26 per share. The dividend is payable May 14 to shareholders of record as of May 11. "Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment," said Tim Cook, Apple's CEO. "iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world." Apple will provide live streaming of its fiscal Q2 2026 financial results conference call at 2:00 pm Pacific, and MacRumors will update this story with coverage of the conference call highlights. Conference call starts at 2:00 p.m. Pacific - No need to refresh Loading live updates... var reportinglive = new reportinglive_module;reportinglive.init(); Tag: Earnings This article, " Apple Reports Record-Breaking 2Q 2026 Results: $29.6B Profit on $111.2B Revenue " first appeared on MacRumors.com Discuss this article in our forums
Discover is planning to eliminate some of the Apple Wallet integrations that it introduced in 2023 , according to letters that cardholders are receiving. As of June 4, 2026, Discover users will no longer be able to see their total card balance and transaction history in the iPhone's Wallet app, or use the Pay with Rewards feature in Apple Pay . Apple has a Connected Cards feature that allows credit cards from participating companies to display balances and recent transactions when they're added to the Wallet app. Discover has supported the feature for nearly three years, as have many UK banks, but other credit card companies in the U.S. did not add support. Pay with Rewards, which is also being eliminated, allows Discover cardholders use their cashback bonuses toward ‌Apple Pay‌ purchases. Discover says that while several ‌Apple Pay‌ features are being eliminated, Discover users will still be able to use the Discover card to make ‌Apple Pay‌ purchases in retail locations and online. Here's a full list of the changes Discover is making: Enrollment Cancellation - If applicable, your enrollment in Connected Account and Pay with Rewards with ‌Apple Pay‌ from Discover will be canceled on June 4, 2026. Access to Information - You will continue to have full access to your account, rewards, balances, transactions and payments on Discover.com, the Discover mobile app, and on your monthly statements. Starting June 4, 2026, you will no longer have access to such details within your Apple Wallet. You will continue to see your ‌Apple Pay‌ transactions in your wallet. Pay with Rewards - Starting June 4, 2026, you will no longer be able to use rewards to cover an ‌Apple Pay‌ purchase directly at digital checkout. Your options for redeeming your Discover rewards otherwise remain the same. Terms - Connected Accounts and Pay with Rewards with ‌Apple Pay‌ cancellation does not affect any other terms of your Discover accounts and agreements. Eligibility, service, and cancellation are subject to the ‌Apple Pay‌ terms. It is not clear if these features are being eliminated because Apple is ending the integrations, or because Discover is opting out. The changes will go into effect on June 4, 2026. Tags: Apple Wallet , Discover This article, " Discover Dropping Two Apple Wallet Features " first appeared on MacRumors.com Discuss this article in our forums
