Archive · 31 Jul 2026
Apple Beats Smartphone Industry Amid Record Cost Pressures
Apple made a lot of money in the last quarter, earning $109.4 billion, which is more than it made a year ago.
Experts think Apple will do better than other phone makers even though the parts it needs are getting more expensive.
The company sold a lot of iPhones and new MacBooks, especially in India.
Apple’s strong brand and loyal customers help it keep good profits.
The company’s boss, Tim Cook, will stop being CEO in September, and John Ternus will take over.
Apple reported record June‑quarter revenue of $109.4 billion, up 16 % YoY.
Analysts say Apple will outperform the broader smartphone market despite rising component costs.
Strong iPhone 17 and MacBook Neo sales, especially in India, drive growth.
Apple’s ecosystem, pricing power and loyal base give it a margin advantage over Android OEMs.
CEO Tim Cook will step down as CEO in September, with John Ternus taking over.
- Who
- Apple Inc. and its executives, including Tim Cook and John Ternus
- What
- Apple reported record June‑quarter revenue and is expected to outperform the broader smartphone market
- When
- June 2024 quarter; CEO transition effective September 1, 2024
- Where
- Global, with significant growth in India
- Why
- Apple’s ecosystem, pricing power, loyal customer base, and strong product demand give it a margin advantage over Android OEMs
- Quarter
- June 2024
- Revenue
- $109.4 billion
- YoY Growth
- 16 %
- EPS
- $2.02
- CEO Transition
- Tim Cook to Executive Chairman, John Ternus CEO effective September 1, 2024