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Thu, 30 Apr 2026

Thu, 30 Apr 2026 Apple hails 'extraordinary' iPhone demand as boss Tim Cook heads out

Cook is preparing to bow out after 15 years at the helm and hand over to John Ternus.

* Apple's sales grew by 17% to $111bn in Q1, with a significant increase in China where iPhone sales rose by 28%.
* Tim Cook said that demand for the new iPhone 17 has been "extraordinary" and made it the most popular launch in Apple's history.
* Despite overall growth, sales of Mac computers and wearable devices like the Apple Watch were relatively flat.
* The new MacBook Neo saw "off the charts" demand and helped set a record for new Mac buyers.
* Apple is updating its AI product, Apple Intelligence, which will be integrated with Siri voice-assistant later this year.
* Cook praised John Ternus, who will take over as CEO in September, saying he will push the company to innovate and deliver products that meet user needs.
* Reddit's revenue hit $663bn for Q1, a 69% jump from last year, with 200 million people visiting the site every week in the US.
* Roblox's shares fell 20% after its quarterly results showed slower-than-expected user growth due to stricter age checks on the platform.