US Top News and Analysis | Apple delivers a nearly perfect quarter, with a CEO change and an AI update ahead AI generated summary, Read the full article for complete information. Apple reported a record‑breaking fiscal‑2026 second quarter, with revenue climbing 17% to $111.2 billion and earnings per share jumping 22% to $2.01—both well ahead of expectations—propelling the stock up roughly 4% to about $282 in after‑hours trading. The company saw double‑digit growth across every product line, highlighted by a near‑22% surge in iPhone sales that set a March‑quarter record, and a services segment that grew over 16% on an all‑time‑high installed base of more than 2.5 billion active devices. Tim Cook announced his departure as CEO, confirming that Jon Ternus will assume the role in September, while Cook will move to executive chairman. Apple also disclosed a new $100 billion share‑repurchase program, a 4% dividend increase, and a partnership with Google to advance its Siri AI initiative. Management guided for the June quarter (fiscal Q3) revenue of $107.2‑$110 billion—up 14‑17% year‑over‑year—well above consensus, and reiterated a $300 price target, positioning Apple as a long‑term hold despite headwinds such as memory costs. Read more: https://www.cnbc.com/2026/04/30/apple-delivers-a-nearly-perfect-quarter-with-a-ceo-change-and-an-ai-update-ahead.html #Apple #TimCook #JonTernus #Google