… JPMorgan expects those factors to keep gross margins near the midpoint of Apple& 039;s guidance, even as the cost environment tightens. A stable margin profile would likely do more to reassure investors than another upside revenue print. …
… Apple posts quarterly results The company& 039;s fiscal second-quarter results, reported April 30, beat Wall Street expectations on revenue, profit, and guidance, with strong iPhone demand driving the upside. …
… For the Q2 2025 results, Apple saw its revenue grow 5% year-over-year to $95.4 billion. Apple revenue by unit, as of end of January 2026 For iPhone, revenue was also up from $45.96 billion in Q2 2024 to $46.84 billion in Q2 2025. …
… Under Cook, Apple has taken steps to increase its Services offering, making the Services arm a highly reliable source of revenue for the company. This includes repeated annual growth and revenue in the billions of dollars, enough that it has previously offset off-years for iPhone sales. …
… However, the lost revenue is a bigger loss. During Fortnite& 039;s two years on the iOS App Store, Epic hauled in $300 million in revenue. Based on that, it& 039;s easy to justify an estimate of lost revenue in the hundreds of millions of dollars. …