Apple News 24 Hours

Last updated: July 31, 2026, 5:30 AM ET

Apple's Q3 Earnings and Financials

Apple reported its third fiscal quarter earnings, announcing a profit of $29.8 billion on $109.4 billion in revenue announced. This quarterly performance marked Apple's strongest June quarter on record announced. The company also declared a quarterly cash dividend of $0.27 per share to be paid on August 13 pay. Research and development expenses climbed to a record $11.73 billion in Q3 2026, reflecting a significant acceleration in spending throughout the fiscal year climbed. Additionally, Apple has reached a milestone of 1.5 billion paid subscriptions across its platform reached. Tariff refunds also bolstered the company's gross margins and earnings per share, with an additional $1 billion in refunds still pending bolstered.

Supply Chain and Pricing Challenges

Supply constraints are expected to significantly impact Apple's product availability in the upcoming September quarter expected. iPhone demand is particularly high, but supply limitations will prevent Apple from meeting this demand prevent. CFO Kevan Parekh noted that these supply constraints will increase "significantly" next quarter noted. Apple CEO Tim Cook attributed price increases to a "100-year flood on memory pricing," stating that the company "reluctantly raised prices" due to exponential increases in memory costs attributed. Cook also suggested that adding more memory suppliers may not necessarily lead to lower product prices suggested. JP Morgan lowered its Apple price target to $340 due to these supply constraint worries, though they remain bullish long-term lowered.

AI Integration and Monetization

Apple's approach to monetizing artificial intelligence appears to involve tying daily usage limits to users' iCloud+ subscription tiers involve. The company is planning paid iCloud+ upgrades for heavy AI users, allowing them to pay for increased AI limits planning. Siri AI may also require a paid subscription for users with heavy usage patterns require. The costs associated with Apple's AI compute will be covered by iCloud+ subscriptions for the time being covered.

App Store and Services Revenue

Regulatory changes to the App Store business model are beginning to affect Apple's Services growth, with impacts being felt in the US and abroad affect. Softness in the mobile gaming sector, in addition to these App Store business model changes in certain countries, impacted the performance of the App Store impacted. Apple reached 1.5 billion paid subscriptions, but this figure still falls short of Wall Street's expectations reached.

Leadership Transition and Corporate News

Tim Cook participated in his final earnings call as Apple CEO, confirming that John Ternus will take over calls and assume the CEO role on September 1 participated. Cook thanked shareholders on his last earnings call, reflecting on his tenure thanked. During the call, Apple also announced donations to support earthquake relief efforts in Japan and wildfire relief efforts in Europe announced.

Product and Feature Updates

Great Wall Motor's Tank vehicles are set to gain Car Keys support in Apple Wallet, with further expansion to another automaker brand appearing imminent gain. The newest "Snoopy Presents" special, "There’s No Place Like Home, Snoopy," is now available for Apple TV subscribers available. Apple's Mac sales saw a significant increase of over 25% in the last quarter, primarily driven by the MacBook Neo saw. The iPhone 18 Pro is rumored to feature an Apple-designed C2 modem, potentially marking a transition away from Qualcomm rumored. 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 expected.

Regulatory and Security Landscape

The FCC has banned new "foreign-produced advanced robotic devices" due to national security risks, which could threaten future Matter and Home Kit models banned. U.S. Senator Chuck Schumer and colleagues have demanded that Apple commit to not purchasing Chinese memory chips, citing national security and economic concerns demanded.

Other Tech News

Epic Games announced the launch of the Epic Games Store in Brazil, bringing Fortnite and Rocket League Sideswipe to iPhones announced. Microsoft is preparing to launch a new "super app" for Copilot launch. Spotify has introduced a new Running Mode for its iOS app, which creates structured running sessions based on workout type and tempo introduced. Yahoo Weather for iOS has received a major overhaul with new features and an enhanced design received.