Apple (transcript, MacRumors, Hacker News):
The Company posted quarterly revenue of $111.2 billion, up 17 percent year over year. Diluted earnings per share was $2.01, up 22 percent year over year.
“Today Apple is proud to report our best March quarter ever, with revenue of $111.2 billion and double-digit growth across every geographic segment,” said Tim Cook, Apple’s CEO. “iPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup. During the quarter, Services achieved yet another all-time record, and we were excited to introduce remarkable new products to our strongest lineup ever. That included the addition of the iPhone 17e and the M4-powered iPad Air, along with the launch of MacBook Neo, which is captivating customers all around the world.”
Jason Snell:
And now, to help you visualize what Apple just announced, here is our traditional barrage of charts and graphs[…]
Margins are now at 49.3%.
Jason Anthony Guy:
iPhone saw a quarterly revenue record, fueled by “extraordinary demand” for the iPhone 17 family, reaching $57 billion in revenue (up 22%), while Services hit yet another all-time record ($31 billion in revenue, up 16%). Mac revenue was up 6% (to $8.4 billion), iPad revenue was up 8% (to $6.9 billion), and Wearables, Home, and Accessories were up 5% (to $7.9 billion). Apple’s installed user base also reached a “new all-time high” of 2.5 billion active devices.
The company gave unexpectedly strong guidance for the June quarter, with expectations of 14–17% total revenue growth, in spite of uncertainty surrounding tariffs, wars, and RAMageddon.
Jason Snell:
Those holiday quarters are huge. They stand out on any chart you make. The other quarters, well, they’re the sag in the saddle. They’re important because you need 12 months to make a calendar, but they’ve never had the sizzle of the holiday quarter.
Which is why it’s so impressive that, for two successive “boring” quarters, Apple has generated more than $100 billion in revenue. In 2020, Apple’s “boring” quarters averaged $60.9 billion in revenue. That a company this large can still grow this much in five years is astounding.
[…]
The key concept here seems to be flexibility. It sure sounds to me like Apple wants the ability to, for example, stash a little extra cash away so that it’s capable of making big moves if it needs to. Maybe that’s capital expenditures involving AI stuff. Maybe it’s keeping enough cash ready to spring if there’s a company it feels like it can acquire, in whole or in part.
M.G. Siegler:
The dichotomy is so wild that it now gets written about every single quarter. But the dichotomy also keeps growing every single quarter as Big Tech keeps ramping CapEx and yes, Apple stays the same! I mean the chart above says it all by showing it all.
[…]
Last year, the numbers exploded. This year, they’ll explode even further. Amazon will hit $200B spent for the year. Google will be close behind at $190B. Microsoft should be around the same at $190B. Meta at $145B. Apple? Again, they hit $4.344B in CapEx in the first half of 2026 – which was down a bit year on year – so they should end in that $9B to $10B range, assuming some level of ramp.
[…]
Either Apple is right and the rest of Big Tech will have lit hundreds of billions – perhaps trillions when all is said and done – of dollars on fire, or Apple is going to be in big trouble.
[…]
What’s especially wild there is that Apple is most famously the company that doesn’t want to be beholden to anyone else if at all possible. It’s the “Tim Cook Doctrine” for chrissakes! Either they’ve forgotten that fear, which stems from the times Apple nearly died in their history when others refused to play ball with them, and have been lulled to complacency by years of iPhone dominance, or again, they just think this will be like web search. Not something they need to fully own.
Adam Engst:
Troublingly, Apple is pushing harder into advertising. In the Q&A with analysts, Parekh said the company had added more ad inventory to the App Store and would bring ads to Apple Maps in the US and Canada this summer. Apple spins the increase in ads as helping developers and local businesses, but even Apple’s pet 451 Research firm won’t be able to come up with double-digit numbers for customer satisfaction with ads.
Juli Clover (Hacker News):
Tim Cook said that the Mac mini and Mac Studio could be hard to get for months to come.
[…]
Shipping delays for the Mac mini and the Mac Studio have been increasing over the last few months, and the waits for some models stretch into months. Apple stopped selling the Mac Studio with 512GB RAM entirely, and it stopped accepting orders for some models with higher amounts of RAM. As of last week, the base Mac mini was listed as “Currently Unavailable” from Apple’s online store because it is out of stock.
Joe Rossignol:
Apple was very optimistic about the MacBook Neo before announcing it, but the company still “undercalled” the level of enthusiasm that the laptop would generate, according to Cook.
Previously:
Apple Apple Quarterly Results Apple Services Business iOS iPhone 17 iPhone 17 Pro iPhone 17 Pro Max iPhone Air Mac Mac mini Mac Studio MacBook Neo
Ryan Christoffel (Reddit):
Apple recently announced an AI partnership with Google. But reporting indicates the company initially pursued deals with other companies, including Anthropic.
Based on new comments from Bloomberg’s Mark Gurman, it’s easy to see why.
Gurman, speaking on TBPN, said the following:
Apple runs on Anthropic at this point. Anthropic is powering a lot of the stuff Apple is doing internally in terms of product development, a lot of their internal tools…They have custom versions of Claude running on their own servers internally.
Aaron (Hacker News):
Apple accidentally left Claude.md files in today’s Apple Support app update (v5.13)
That’s an odd way of phrasing it, because it makes it sound like the file is naturally in the app package and Apple forgot to delete it. But why was it being copied into the app in the first place? (It seems to be related to building the app, not to using AI for customer support.)
Aaron:
Apple has released an emergency update to the Apple Support app (v5.13.1) to remove the Claude.md files
Ziwen:
I have a friend in apple.
He has over 200 dollars credit on claude everyday to spend.
Previously:
Apple Artificial Intelligence Claude iOS iOS 26 Programming
Jess Weatherbed (Hacker News):
All empires eventually fall, and it seems the creative software industry has collectively decided that Adobe’s time has come.
[…]
Pricing in particular has given competitors an opening to attack. Some of the best alternatives aren’t just undercutting Adobe’s price — they’re available for free. People love free.
[…]
Perhaps coincidently, Canva also dropped its own bomb on Adobe’s After Effects this week. Canva has made the full version of Cavalry available for free instead of locking the motion graphics software behind its own user subscriptions, after the design platform acquired it back in February. If that sounds familiar, it’s because Canva did a similar thing last year with Affinity — a trio of apps it acquired that provide similar features to Adobe’s Illustrator, Photoshop, and InDesign software.
[…]
Other Adobe apps also took a hit this week thanks to the latest DaVinci Resolve 21 update. The free multipurpose post-production software — which is already considered a rival to Premiere Pro — now includes photo editing features like color-correction, masking tools, and import support for Apple Photos and Lightroom Catalog files.
Jaron Schneider (Hacker News):
No, you would no longer really “own” the software, but Adobe promised that, in exchange, going cloud-based meant that it would be more agile and better able to deliver updates and features to users. You also would, theoretically, save a lot of money by not having to purchase the physical Creative Suite disks.
[…]
I don’t think that has wholly changed in the last decade-plus, as I know there are still people at Adobe who feel the same way — I met them just two years ago when I visited with the PetaPixel Podcast team. But the difference is the corporation around those people has changed, and now those people are no longer encouraged to talk to the public the way they once were.
[…]
Adobe started to shift its focus to enticing those corporate customers to the detriment of its connection to the customers that gave it success to begin with. […] Adobe not so much forgot who its users were, but instead it actively decided they no longer mattered. It believed it had become so big, so mighty, and so important that it could move beyond them. What arrogance.
Nick Heer:
I think Adobe has actually shipped worse products as a result of this strategy — and, for once, I will avoid making it all about bugs, of which there are many. Adobe’s applications are more capable than they ever have been, but they are also often worse for professionals in actual use as a direct result of the company’s software-as-a-service model. Nearly every application contains upsells or supposedly helpful alerts that are actually ads for other Adobe services. These promotions are particularly aggressive in pushing artificial intelligence tools. Even software as relatively simple as Acrobat cannot help but promote its ability to summarize a two-page document, and then suggest you store it with Adobe’s cloud service instead of sending it as an attachment.
This stuff gets in the way of professionals trying to do their job. Adobe was pressured into adding a “Quiet Mode” in Photoshop to hide most of these things, but not all of them, and only in Photoshop. It only underscores how much Adobe views its software as something it gives people permission to use, instead of tools it makes to help people get their work done.
Eric Schwarz:
In that time, Adobe has added features, but the shift to Creative Cloud meant that the company has taken up rent-seeking and the general behavior seems to include unfixed bugs, bloat, and disrespecting its users.
[…]
I’d be willing to overlook a lot of this if the software continued to get better, but the software has strayed so far from even feeling like it belongs on a Mac. Even one of the common practices to resolve issues using the Creative Cloud Cleaner tool makes the whole thing feel like ’90s Microsoft at best and malware at worst.
Previously:
Adobe Business Canva Mac Mac App macOS Tahoe 26 Strategy Tax
