Apple posts record sales for a March quarter; next CEO joins conference call for the first time

Apple posted record fiscal Q2 March-quarter revenue and profit, powered by strong iPhone and services sales and a rebound in Greater China.

On the earnings call, Tim Cook publicly introduced John Ternus as Apple’s next CEO, marking an early succession signal.

Apple also said it is stepping up AI-related infrastructure spending, while some Macs and iPhones remain constrained by manufacturing capacity.