< Back to all clusters
[BUSINESS] · United States · 100 sources

started · updated

Apple posts record Q3 2026 revenue amid chip shortage and CEO transition

Apple Inc. announced third‑quarter fiscal 2026 results showing revenue of $109.4 billion, a 16 % year‑on‑year increase, and net profit of $29.8 billion, up 27 %. Earnings per diluted share were $2.02. The iPhone segment generated $54.2 billion, a 22 % rise, while Mac sales reached $10.3‑$10.4 billion, up about 29 %.

The company highlighted a global memory‑chip shortage that is raising component costs and limiting production capacity. CEO Tim Cook described the situation as a “100‑year flood” and warned that the shortage will constrain growth. Cook also confirmed he will step down on 1 September 2026, with senior vice‑president John Ternus slated to become the next CEO.

Apple reported that its paid‑subscription base has passed 1.5 billion users, half a billion more than in 2023, driven by services such as Apple TV, Apple Music, iCloud+ and third‑party app subscriptions. The company is in talks with the European Commission to resolve regulatory hurdles before launching its new Siri AI in the EU.

Entities

Apple Inc. · CXMT · Copper · John Ternus · Microsoft Corporation · Oyu Tolgoi · Pilbara · Pilbara iron‑ore operations · Pilbara operations · Rio Tinto · Rio Tinto plc · Simandou

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 8 SOURCES] Interim dividend increased 43 % to US$2.11 per share in H1 2026. mining.com.au
  • [● 7 SOURCES] First‑half copper production reached 442 kilotonnes, up 3 % year‑on‑year. mining.com.au · miningmagazine.com.au
  • [● 3 SOURCES] Pilbara iron‑ore sales rose 6 % to 162.3 million tonnes; iron‑ore EBITDA fell 1 % to US$6.8 billion.
  • [● 6 SOURCES] Rio Tinto reported first‑half 2026 net profit of US$6.66 billion, up 47 % year‑on‑year.
  • [● 9 SOURCES] Underlying EBITDA increased 28 % to US$14.8 billion in the first half of 2026. mining.com.au
  • [● 3 SOURCES] Rio Tinto projects 2026 copper production of 800‑830 kilotonnes.
  • [● 8 SOURCES] Free cash flow grew 75 % to US$3.8 billion. mining.com.au
  • [● 6 SOURCES] Copper earnings for Rio Tinto in the first half of 2026 were US$5.7 billion, an 84 % increase year‑on‑year. mining.com.au
  • [● 3 SOURCES] Rio Tinto projected copper production for 2026 of 800‑830 kilotonnes.
  • [● 6 SOURCES] Rio Tinto declared an interim dividend of US$2.11 per share, a 43 % increase over the previous year. mining.com.au
  • [● 4 SOURCES] Pilbara iron‑ore production in the first half of 2026 increased 6 % to 162.3 million tonnes. miningmagazine.com.au
  • [● 6 SOURCES] Rio Tinto's net profit for the first half of 2026 was US$6.7 billion, a 47% increase year‑on‑year. mining.com.au

Sources

about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago
about 2 months ago