ServicesRevenue News & Analysis
2 articles
Market Mood
Apple (AAPL) Hits $317 High Amid Lawsuit Against OpenAI
On July 13, 2026, Apple (AAPL) filed a lawsuit against OpenAI, claiming the systematic theft of hardware trade secrets led by Tang Tan, a former Apple VP. Apple's stock reached an all-time high of $317.31 following the lawsuit, and the company reported $31 billion in Services revenue at a 76% gross margin. Despite being up 50.3% over the past year and 16.7% year to date, the market's reaction has been muted, with a full-chain put/call ratio at 0.53. For ordinary investors, this indicates ongoing legal risks that could impact Apple's future earnings potential.
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Apple (AAPL) Sets Record iPhone Revenue at $56.99 Billion Q2 2026
Renaissance Technologies has initiated a new position in Apple Inc. (AAPL), acquiring over 3 million shares in Q1 2026. In Q2 2026, Apple reported iPhone revenue of $56.99 billion, reflecting a 22% year-over-year increase, driven by strong demand for the iPhone 17 lineup. Additionally, services revenue reached a high of $30.98 billion, marking a 16% growth. Despite concerns about market slowdowns, Apple achieved double-digit revenue growth in all geographic segments, with Greater China sales jumping 28% to $20.5 billion, highlighting robust international demand.
Read More: Apple (AAPL) Sets Record iPhone Revenue at $56.99 Billion Q2 2026