Apple Earnings In Focus After Tim Cook Exit Announcement

Apple Inc is set to report its fiscal second-quarter earnings, marking its first results since CEO Tim Cook announced he will step down after 15 years, according to analyst estimates compiled by LSEG. Investors expect revenue of $109.7 billion and earnings per share of $1.95.

Wall Street is closely watching iPhone sales, with projections of $56.7 billion, driven by strong demand for the iPhone 17. Analysts also expect solid growth across services and other hardware categories. The report said Apple could post 15% annual revenue growth.

Apple eyes iPhone growth in first earnings report since Tim Cook's announced exit https://t.co/JdjwEdkhYP

— CNBC Tech (@CNBCtech) April 30, 2026

Attention is also turning to incoming CEO John Ternus and his strategy on artificial intelligence. Apple recently partnered with Google to integrate Gemini AI into Siri, signaling a shift in approach.

According to analysts, Apple has spent less on AI than rivals, raising questions about long-term competitiveness even as it manages rising memory costs tied to AI demand.

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