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Tim Cook Hands John Ternus A Record $109 Billion Apple June Quarter

Apple reported June-quarter revenue of $109.4 billion, up 16 per cent, with diluted EPS of $2.02 including 11 cents from tariff refunds. Apple then guided September growth to 9 to 11 per cent, blaming supply constraints Tim Cook called a demand forecast problem. John Ternus becomes chief executive on 1 September.

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Tim Cook Hands John Ternus A Record $109 Billion Apple June Quarter

Apple Q2: $109.4B record, +16%. Q3 forecast +9-11% (slowdown). Tariff refunds ($71B) boost margin 2-2.5pp. Services +12% misses guidance. Margin gains tied to temporary tariff windfall; gaming weak. Policy shift threatens profit.

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Tim Cook Hands John Ternus A Record $109 Billion Apple June Quarter

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Tim Cook Hands John Ternus A Record $109 Billion Apple June Quarter

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