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Apple (AAPL) stock price marginally eased after-hours on Thursday as the iPhone maker\u2019s Q2 revenue and profit beat failed to jostle investors compared to its peers.<\/p>\n
Apple earned $2.01 per share against expectations of\u00a0 $1.94, while revenue came in at $111.18 billion, which was above expectations of $108.9 billion in its fiscal Q2 2026.\u00a0<\/p>\n
iPhone sales in fiscal Q2 jumped 21.7% year-on-year to $56.99 billion, marking its second consecutive quarter of above 20% rise in sales.\u00a0\u00a0<\/p>\n
The company\u2019s overall sales fell short of expectations in the Americas and Europe regions, which was offset by strong projections beating sales seen in China and other parts of Asia.\u00a0<\/p>\n
The launch of a series of new products in March this year, including the low-cost MacBook Neo, iPhone 17e, updated iPad Air models and a fresh MacBook Pro has helped support revenues during the quarter.\u00a0<\/p>\n
Apple, in its earnings release, also said it would buy back as much as $100 billion in shares and declared a cash dividend of $0.27 per share of the Company\u2019s common stock, a 4% increase.<\/p>\n
All eyes now turn to John Ternus, who is set to take over the top position at Apple from Tim Cook, starting\u00a0Sep 1, 2026.\u00a0 Cook, who has run the company for 15 years, will remain at Apple as executive chairman.\u00a0<\/p>\n
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