Apple's record Q2 earnings linked to iPhone 17 sales
Apple's iPhone 17 line has become the most popular smartphone in the company's history, according to CFO Kevan Parekh in an interview with the Financial Times. The company reported a record revenue of $111.2 billion and a net profit of $29.6 billion for the last quarter, attributing these results to strong iPhone sales. However, CEO Tim Cook noted that demand is high while supply is limited due to challenges in the supply chain, particularly a shortage of components like the A19 and A19 Pro chips from TSMC, which is also focusing on AI chip production. Additionally, rising memory chip prices are expected to impact costs significantly by the second quarter of 2026, potentially affecting the upcoming iPhone 18 line.
Apple's iPhone 17 lineup has become the most popular smartphone series in the brand's history. This was announced by the company's CFO, Kevan Parekh, in an interview with the Financial Times. This was reported by Ixbt.com xabar.
Kevan Parekh and CEO Tim Cook attributed the strong financial results for the second quarter of 2026 specifically to iPhone sales. The company announced that it generated $111.2 billion in revenue and $29.6 billion in net profit last quarter.
Tim Cook noted that demand for the new devices is extremely high, but supply is limited. Currently, there are difficulties in the supply chain regarding the procurement of sufficient quantities of necessary components.
Smartphone sales have slowed down due to a shortage of A19 and A19 Pro chips manufactured by TSMC. This is caused by the fact that TSMC's facilities are also producing artificial intelligence chips.
Additionally, an increase in the price of memory chips is expected. Tim Cook emphasized that memory costs will rise significantly in the second quarter of 2026.
This situation may also impact the iPhone 18 lineup, which is expected to be unveiled in September.
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