Apple News 24 Hours

Last updated: July 31, 2026, 2:30 AM ET

Apple Reports Strong Q3 Earnings Amidst Supply Constraints and Leadership Transition

Apple reported record-breaking, announcing $109.4 billion in revenue and a $29.8 billion profit, surpassing Wall Street expectations. The company also celebrated reaching 1.5 billion paid subscriptions across its services platform. Investors will receive a quarterly cash dividend of $0.27 per share on August 13. However, the positive financial news was tempered by concerns over ongoing supply chain constraints, which JP Morgan cited in lowering Apple's price target to $340, though the firm remains bullish long-term . Apple's CFO Parekh, acknowledged that these constraints are expected to increase "significantly" next quarter and will impact iPhone, iPad, and Mac availability . earnings call also marked outgoing CEO Tim Cook's final appearance, with John Ternus set to take over as CEO and lead future earnings calls . During the call Cook confirmed that Apple "reluctantly raised prices" due to a "100-year flood on memory pricing" and noted that adding more memory suppliers may not necessarily lead to lower product prices . Apple also spent a record $11.73 billion research and development during Q3 2026 .

AI Integration and Monetization Strategies Emerge

Apple's strategy for covering the compute costs associated with its developing AI features appears to be tied to its iCloud+ subscriptions for the time being . The company is planning to allow users to pay for increased AI limits through paid iCloud+ upgrades, particularly for heavy AI users . Siri AI also require a paid subscription for those with extensive usage . Meanwhile, Epic Games Store has launched in Brazil, bringing Fortnite and Rocket League Sideswipe back to iPhones .

Product Developments and Feature Expansions

Apple is reportedly preparing to expand Car Keys support in Apple Wallet to another of GWM's automotive brands, following previous backend code changes . The latest Snoopy Presents special, "There’s No Place Like Home, Snoopy," is now available for Apple TV subscribers . Discussions surrounding next high-end laptop, the MacBook Ultra, have focused on its touchscreen and OLED panel, with the surrounding redesign expected to become more widespread . MacBook Neo introduced by incoming CEO John Ternus, significantly boosted Mac sales by over 25% in the last quarter compared to the previous year . Separately, a project has fused an iconic iMac G4 with a Mac mini powered by Apple's M4 chip .

Regulatory Landscape and Policy Shifts

Apple's CFO that regulatory changes affecting the App Store business model are beginning to impact Services growth in the US and abroad, with mobile gaming softness also contributing to the performance of the App Store in certain countries . In related news, U.S. Senators, led by Chuck Schumer, have demanded Apple commit to not purchasing Chinese memory chips, citing national security and economic concerns . Furthermore, FCC has banned new foreign-produced advanced robotic devices due to national security risks, which could impact future Matter and Home Kit models .

New Programs and Future Product Rumors

Apple has launched a new Apple Upgrade program, with the iPhone Upgrade Program being discontinued . Rumors suggest the iPhone 18 Pro could feature an Apple-designed C2 chip, moving away from Qualcomm modems . Speculation also about the iPhone 18 Pro and an accompanying iPhone Ultra, with anticipation building for Apple's annual iPhone event, typically held in September . iOS 27 is expected to introduce several new features, including unlinking alarm volume from the iPhone ringer and options to adjust the transparency of the Liquid Glass interface effect . rumored features for iOS 27 include enhancements for Car Play and the Messages app .

Corporate Philanthropy and Charitable Efforts

Apple CEO Tim Cook announced that Apple will be donating to support earthquake relief efforts in Japan following a magnitude.8 earthquake. Additionally, Apple donating to wildfire relief efforts in Europe .