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50 articles summarized · Last updated: LATEST

Last updated: July 30, 2026, 8:30 PM ET

Apple Reports Q3 Earnings, Tim Cook's Farewell

Apple posted record with $109.4 billion in revenue and a $29.8 billion profit, exceeding Wall Street expectations as announced today. The company, bolstering its Services business, though this. Outgoing CEO Tim Cook, thanking shareholders and confirming that John Ternus will. Apple also of $0.27 per share.

App Store and Services Face Headwinds

Regulatory changes to the App Store business model in the US and abroad, according to CFO Kevan Parekh. Softness in mobile gaming also contributed to the slowdown. In a separate note, Apple for some users, though these were later resolved. Meanwhile, Epic Games announced the return of Fortnite to iPhones in Brazil with the launch of the Epic Games Store.

Supply Constraints and Memory Pricing Challenges

Apple warned significantly for the upcoming September quarter, impacting demand for iPhone, iPad, and Mac. CEO Tim Cook cited "incredibly strong demand" for the iPhone. He also addressed mounting memory pricing challenges, suggesting that. Cook stated Apple "reluctantly raised prices" due to a "100-year flood on memory pricing" as reported today.

AI Integration and Potential Paid Features

Artificial intelligence was a significant focus on Tim Cook's final earnings call, with discussions around potential paid tiers for AI services reported by 9to5Mac. Apple is reportedly planning to allow users to through iCloud+. The company also during Q3 2026, signaling continued acceleration in spending.

Upcoming Product Rumors and Industry News

Rumors suggest the iPhone 18 Pro could introduce an Apple-designed C2 modem, moving away from Qualcomm. The 20th anniversary iPhone, expected in Fall 2027, is rumored to feature the most significant redesign since the iPhone X according to Mac Rumors. Additionally, the FCC has banned new foreign-produced advanced robotic devices, which. Spotify launched new for its iOS app, offering tempo-matched music for workouts.

Deals and Other Apple News

Current deals include Air Pods Pro 3 at $50 off and Air Pods Max 2 at $100 off reported by 9to5Toys. Air Tag 2 is available for a record low price of $89.00 for a 4-pack as noted by Mac Rumors. A new Apple Upgrade program launched this week, distinguishing itself from the discontinued iPhone Upgrade Program according to 9to5Mac. Apple is also reportedly preparing for a major overhaul of its smart home products. Tim Cook also announced Apple would be for recent earthquakes in Japan and wildfires in Europe.