Apple expects Q2 revenue to grow 13% to 16% YoY, vs. 10% est.; it's currently constrained by iPhone processor supply and expects memory costs to rise after Q2

Apple (AAPL.O) on Thursday forecast higher-than-expected revenue growth of up to 16% for the March quarter …

Reuters 2026-01-30

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@mweinbach Max Weinbach on x
Even with more competitive iPhone and MacBook Air prices, Apple's products gross margin was up to 40.7%, 450 basis points sequentially. This is from a favorable mix and leverage.
@mweinbach Max Weinbach on x
Apple earnings: According to a recent survey from World Panel, iPhone was the top selling model in the US, Urban China, the UK, Australia and Japan.
@mweinbach Max Weinbach on x
Tim Cook: “Apple has sourced 20 billion US chips in 2025”
@patrickmoorhead Patrick Moorhead on x
It's been a while since I have seen Apple publicly acknowledge that they're not entirely sure what they're going to do about an issue. There are a lot of options related to cost: -squeeze other vendors in the ecosystem -raise price -defeature -quality (won't change) -supply hub …
@mweinbach Max Weinbach on x
After the Apple earnings call I think what Gurman was saying about M6 being soon makes a lot of sense Here's a quick video because I didn't want to type it [Because of the shortages on N3 node, and M6 being pulled forward and made on N2 in the second part of this year]
@neilcybart Neil Cybart on x
Apple just reported very strong guidance for 2Q26. I had some of the highest numbers out there and Apple will exceed them. Wow.
@munster_gene Gene Munster on x
$AAPL guides up for March on revenue and margins and stock is still up only about 1%. Expects revenue growth of 13-16% vs. Street at 10% Gross Margins of 48-49%, vs. Dec at 48.2%. This is inline with typically margins improve from Dec to Mar.
@firstadopter Tae Kim on x
Analyst asks Tim Cook if Apple is considering raising prices as part of his “range of options” to deal with rising memory prices. Tim Cook: “I wouldn't want to speculate on that one” My dude, you don't have to speculate. You are the boss!
@mweinbach Max Weinbach on x
Tim Cook is saying the 3nm node is gating the Q2 supply, and that's directly related to the Q1 demand being so high This explains why M5 Pro/Max are later than we expected
@thetranscript_ @thetranscript_ on x
$AAPL CEO @tim_cook was non-committal on specific strategies to offset rising memory costs, citing a range of options. “It's a range. And so I don't want to get more specific than that. I mean, there are different levers that we can push, and who knows how successful they'll be.

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Apple expects Q2 revenue to grow 13% to 16% YoY, vs. 10% est.; it's currently constrained by iPhone processor supply and expects memory costs to rise after Q2

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