Apple Inc

AAPL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Apple Earnings: Supply and Memory Cloud an Illustrious Demand Picture

William Kerwin

Jul 31, 2026

Apple's June-quarter results were strong, highlighted by total revenue rising 16% year over year to $109.4 billion and 22% year-over-year growth in iPhone revenue. September guidance is weighed down by a combination of supply constraints, memory inflation, and foreign exchange headwinds.

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Apple Inc

Apple Earnings: Supply and Memory Cloud an Illustrious Demand Picture

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