Apple reported fiscal Q1 revenue of $143.8 billion, up 16% year‐over‐year, driven by a 23% increase in iPhone sales and a Services segment that set an all-time revenue record, rising 14%. Earnings per share climbed 19% to a new high, reflecting robust product mix and pricing power. Greater China revenue surged 38%, underscoring strength in Apple’s fastest-growing market and supporting analyst forecasts for a multi-year upgrade cycle that could lift unit shipments toward 260 million by 2027.

At WWDC, Apple unveiled Xcode 26.3 beta, introducing support for agentic coding with Anthropic’s Claude Agent and OpenAI’s Codex. Developers can now connect via API keys to have AI agents build and test projects, search Apple documentation and automatically fix issues. The open standard framework also allows integration with other compatible tools, positioning Xcode as a leading environment for ‘vibe coding’ and accelerating app development across Apple’s 2 million-strong developer community.

Apple stock recently crossed above its 50-day moving average, an indicator that over the past three years has preceded a one-month gain 75% of the time, averaging a 3.3% advance. In the latest session, shares popped following the breakout, with Schaeffer’s put/call open interest ratio in the 4th percentile and implied volatility at the 8th percentile—signals that short-term options traders remain overwhelmingly bullish and volatility expectations are muted.

Apple confirmed a multiyear deal with Google to embed Gemini foundation models into its Siri virtual assistant and broader Apple Intelligence suite. Leveraging Google Cloud infrastructure and Gemini’s capabilities, the collaboration aims to deliver personalized conversational features across 2.5 billion active devices, while preserving user privacy by keeping personal data on-device. Executives say this deep partnership will accelerate AI innovation without commoditizing Apple’s hardware-driven ecosystem.