# Apple reportedly turned in a blockbuster quarter, blowing past Wall Street’s expectations.

*business · news · 2026-05-01 · India TV News*

## Key points

- Apple announced a USD 100 billion share buyback alongside its strong earnings report.
- MacBook Neo, launched at USD 500 for students, exceeded expectations and boosted Mac sales to USD 8.4 billion.
- Apple's services reached USD 30.98 billion and China sales hit USD 20.5 billion, both beating analyst forecasts.
- Apple faces rising memory chip prices, with projected gross margins dropping to between 47.5% and 48.5%.
- Apple's R&D spending jumped 33.5% to USD 11.42 billion, signaling major focus on AI initiatives.

**Companies:** Apple
**Countries:** United States, China

[Read the full story on India TV News](https://www.indiatvnews.com/technology/news/iphone-17-demand-and-macbook-neo-success-lift-apple-revenue-stock-rises-by-4-per-cent-2026-05-01-1039569)

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