Tim Cook delivered his final earnings call for Q2 FY2026, highlighting strong global performance for Apple Inc. along with a special focus on India’s rapidly growing market.
Cook expressed strong enthusiasm for India, saying he is “over the moon excited” about the country’s potential. He described India as a “huge opportunity” for Apple, noting that it is currently the world’s second-largest smartphone market and third-largest PC market. He also emphasized the rising income levels and expanding consumer base in India, which is driving first-time Apple buyers and creating long-term growth potential for the brand.
In its Q2 FY26 results, Apple reported a quarterly revenue of $111.2 billion for the period ending March 28, 2026, marking a 17% year-on-year increase. The company also posted diluted earnings per share of $2.01, up 22% compared to the previous year. Strong double-digit growth was recorded across all major regions, with iPhone and services remaining the key revenue drivers.
Apple’s iPhone segment generated $57 billion in revenue, up 21.7%, while services—including App Store, iCloud, and Apple Music—brought in $31 billion, reflecting a 16.3% rise. The iPad business grew by 8% to $6.91 billion, Mac revenue increased by 5.7% to $8.4 billion, and Wearables, Home, and Accessories saw a 5% uptick. Cook also highlighted recent product launches such as the iPhone 17e, iPad Air powered by the M4 chip, and MacBook Neo.
The company generated over $28 billion in operating cash flow during the quarter, reinforcing strong performance across its core business lines.
During the call, Cook also addressed leadership transition plans, expressing confidence in John Ternus as his successor. He praised Ternus as a brilliant engineer and natural leader, stating he has full trust in his ability to guide Apple’s future. Cook confirmed that he will transition into the role of Executive Chairman on September 1, while working closely with Ternus to ensure a smooth handover.
Overall, the earnings call reflected both Apple’s strong financial momentum and a strategic long-term focus on growth markets like India.
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