Apple's next CEO, John Ternus, plans to continue the company's financial discipline into its next era.

In March, Apple announced a number of new products, including its iPhone 17e, a refreshed iPad Air laptop with an M4 chip in 11-inch and 13-inch sizes. it also unveiled the MacBook Neo, a low-cost laptop priced at $599 and aimed at students and budget-conscious consumers.

Apple (NASDAQ: AAPL | AAPL Price Prediction) noted three things when it announced earnings and on its earnings call. iPhone sales have taken off like a rocket. Its financial forecasts showed ongoing strength,

Apple stock is on the move thanks to strong iPhone sales, but the company says it will face margin compression in the coming quarters.

Apple can't keep up with record Mac demand after the MacBook Neo and AI-capable Mac Mini and Studio flew off shelves faster than even the company predicted.

Apple's first smart glasses probably won't be stealing any thunder from the Vision Pro—at least not yet.

Apple’s Mac mini and Mac Studio desktops have been increasingly difficult to buy over the course of the year—multiple configurations are listed on Apple’s site as “currently unavailable,” which almost never happens,

Shares are higher in Asia, though most markets in the region are closed for May Day holidays. Brent crude's price held steady at about $111 per barrel.

Apple’s earnings call provided a glimpse into how its leaders are thinking about the CEO transition set for September, marking a new era at the company.

Apple hit another high note in the first three months of 2026, delivering an earnings beat driven by a surge in iPhone sales and continued momentum in its Services segment. Apple’s Services business revenue in the quarter grew 16.

Sales of iPhones rose 21.7% to nearly $57 billion, while overall revenue jumped to $111.2 billion. Apple CEO Tim Cook, who will transition to role as executive chairman on Sept. 1, said the