Story perspectives

Apple Q3 Revenue Jumps 16% to $109.4B

By Drooid · Oct 15, 2026, 2:07 AM UTC · How we work

Summary

Story summary

Apple reported fiscal third-quarter revenue of $109.4 billion, a 16% year-on-year increase.
Apple’s earnings per share rose 29% to $2.02, surpassing the $1.89 estimate.
CEO John Turners, who succeeded Tim Cook on September 1, 2026, unveiled a $299 Home View smart-home display.
Apple raised prices on many products on June 25, 2026, citing higher memory and component costs.
Apple’s stock buyback program repurchased $25.8 billion of shares in the most recent quarter.

History

Historical Context

Steve Jobs unveiled the first iPhone on January 9 2007, introducing multi-touch technology and a full web browser that shifted Apple from computers to consumer electronics. Within two years the device reached 1 % of the global phone market and helped Apple become the world’s largest mobile-phone vendor by revenue, a position it still holds in 2025.

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Story summary

Apple reported fiscal third-quarter revenue of $109.4 billion, a 16% year-on-year increase.
Apple’s earnings per share rose 29% to $2.02, surpassing the $1.89 estimate.
CEO John Turners, who succeeded Tim Cook on September 1, 2026, unveiled a $299 Home View smart-home display.
Apple raised prices on many products on June 25, 2026, citing higher memory and component costs.
Apple’s stock buyback program repurchased $25.8 billion of shares in the most recent quarter.

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