Apple closed its June quarter with revenue of $109.4 billion, up 16 per cent, and diluted earnings of $2.02 a share, both June-quarter records, with every region it sells in setting one of its own, India included. It then guided the September quarter to 9 to 11 per cent growth, about 500 basis points slower, and the stock fell about 2.4 per cent in extended trading. Tim Cook delivered both numbers on his 90th and final earnings call as chief executive, five weeks before John Ternus takes the job on 1 September. What Ternus receives is a company at its largest ever, running on a margin propped up by a courtroom, held back by demand it underestimated, and buying into what Cook called a 100-year flood in memory pricing.What 11 cents of tariff refunds did to Apple's earnings beatAbout The AuthorAt heart, I am a storyteller drawn to the watershed moments that bend the technology landscape. I braid narrative with data, humanise statistics, and trace the arc from first spark to world-changing impact. My reportage, features and reviews are witty, sardonic, visual and vivid, using anecdote to illuminate rather than eviscerate.
As a technology journalist with over sixteen years of experience, I have travelled the world and the seven seas, covered every major tech conference worth its lanyard, chronicled the defining breakthroughs of the last decade and a half, and played a pivotal role in launching some of India’s most important technology publishing platforms across web, print and TV.
