Opportunity
Bangladesh Sangbad Sangstha (BSS)
Apple reported record Q3 FY26 revenue of $109.4 billion (+16% YoY) and profits of $29.8 billion (+27%). iPhone sales surged 22% to $54.3 billion, while Mac revenue grew 29%. China showed a strong rebound, contributing to double-digit growth across all regions. Services revenue rose 12% to $30.7 billion but fell slightly short of analyst forecasts. However, Apple's guidance for 9-11% revenue growth next quarter, constrained by supply chain issues, dampened investor sentiment, leading to an 8% drop in after-hours trading.
This was Tim Cook's final earnings call as CEO. John Ternus will assume the role on September 1, with Cook transitioning to executive chairman. The leadership change comes as Apple faces slowing growth and operational challenges.
Investment implication: Apple's record-breaking quarter underscores its market strength but highlights vulnerabilities in supply chain management and leadership transition. For you, Ternus's ability to sustain momentum and address operational risks will be critical to Apple's competitive positioning.