March Quarter Results Bolster Confidence in Apple Inc (AAPL) Stock
May 6, 2026
Apple Inc (NASDAQ:AAPL) is one of the best stocks to buy in 2026 according to billionaire George Soros. Apple stock has climbed around 40% over the past 12 months.
The iPhone maker reported its March quarter results on April 30, delivering earnings that surpassed expectations. Revenue rose 17% to $111.2 billion, and EPS jumped 22% to $2.01. The Street was expecting EPS of $1.93 on revenue of $108.92 billion.
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The quarter was supported by strong growth in Apple’s flagship iPhone business and the closely watched Services division. Apple reported iPhone sales growth of 21.7% YoY to $56.99 billion, fueled by the extraordinary demand for the latest iPhone 17 models.
The Services segment, which houses such businesses as the App Store, iCloud, and Apple Music, grew 16.3% YoY to $30.98 billion.
Apple recorded double-digit growth across all its geographic segments. It finished the March quarter with $45.6 billion in cash and cash equivalents after spending $7.7 billion in dividend payments and $37 billion in share repurchases during the quarter.
Looking ahead, the company expects its revenue to grow between 14% and 17% in the June quarter. The board also added $100 billion to the company’s share buyback program.
California-based Apple Inc (NASDAQ:AAPL) is an American multinational technology company. The company is best-known as the maker of the iPhone, but it also sells a wide variety of other hardware products, including Mac computers and iPad devices. Apple is also engaged in software, digital media, and payment businesses.
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