Apple reports $364 billion net sales in first three quarters of fiscal 2026
Written by AI from 2 reports listed below. Not checked by a person before publication. How we use AI
Apple’s net sales for the first three quarters of fiscal 2026, which ended on June 27, reached $364 billion, a 16% increase over the same period in fiscal 2025, and the company appointed John Ternus as CEO on Sept. 1, succeeding Tim Cook while focusing on design and delegating financial and supply‑chain duties to other executives.
Analysts project Apple will finish fiscal 2026 with 15% annual net sales growth, slowing to 11% in fiscal 2027, and they forecast an 8% growth rate for the upcoming holiday quarter; Apple’s current price‑to‑earnings ratio is 39 compared with Alphabet’s forward P/E of 29, leading investors to be cautioned against adding shares at current levels due to the high valuation and expected slowdown.