# Apple Reports Record $109 Billion in June Quarter Sales, Services Revenue Misses Forecasts

Apple posted a record $109 billion in sales for the June quarter, a 16% increase year-over-year, driven by strong product demand. However, its services revenue fell short of analyst expectations, signaling a potential slowdown in a key profit area. The mixed results highlight Apple's reliance on hardware growth amid slowing services momentum.

**Importance:** 3/5

## Sources

### Entertainment
- [Variety](https://variety.com/2026/digital/news/apple-q3-2026-earnings-tim-cook-ceo-final-quarter-1236824534/) — Thu, 30 Jul 2026 20:47:09 +0000
- [Variety](https://variety.com/2026/tv/news/reelshort-1-billion-revenue-profit-2026-mpa-1236828885/) — Thu, 06 Aug 2026 07:37:15 +0000

### Business
- [Fox News Business](https://www.foxbusiness.com/markets/apple-posts-record-june-quarter-iphone-sales-surge-cook-weighs-ai-china) — Thu, 30 Jul 2026 23:46:06 GMT