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Apple beats earnings estimates with continued iPhone momentum

Apple's quarterly earnings beat estimates, driven by strong iPhone sales, as the company prepares for a CEO change and shifts in AI strategy.

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Editorial Team
May 2, 2026
1 min read
The January-March results announced Thursday reflect the continued momentum of iPhone sales [File] | Photo Credit: REUTERS Apple posted strong results for its quarterly earnings on Thursday, but investors’ attention is also focused on the upcoming CEO change and the tech firm's artificial intelligence strategy. Apple CEO Tim Cook announced earlier this month he will be stepping down from the role, with Apple’s head of hardware engineering, John Ternus, assuming the role later this year. Published - May 02, 2026 10:01 am IST

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