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Apple (AAPL) reported solid Q2 FY26 earnings and increased its cash dividend by 4% to $0.27 per share.
Tim Cook will step down as Apple CEO in September after 15 years of leadership.
KEY POINTS
- Apple is experiencing a memory supply crunch impacting costs, exploring price increases and longer supply contracts.
- Apple announced a new $100 billion stock repurchase program alongside a 4% dividend increase.
- Apple's Q2 FY26 revenue hit $111.18 billion, surpassing analyst expectations mainly due to iPhone 17 demand.
- Apple's Q3 guidance projects 14%-17% revenue growth, significantly above analyst projections of 9.5%.
COMPANIES
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