Apple Inc

iPhone and iPad maker has had early-stage talks with Intel about enlisting the company's chipmaking services, and Apple executives have also made visits to a Samsung plant under development in Texas

Sales will rise 14 per cent to 17 per cent in the period, which runs through June, the company said during a post-earnings conference call Thursday

Apple Chief Executive Officer Tim Cook has said he is "over the moon excited" about India, characterising the country's market as a "huge opportunity" for the tech giant. "Yes. I think it's a huge opportunity for us. We've been focused on this for a while. It's the second largest smartphone market in the world and the third largest PC market," Cook said at Apple's second quarter 2026 earnings call on Thursday. Cook's remarks came to a question about his outlook on the Indian market and the overall opportunity it offers. He also acknowledged that the tech giant still has a "modest share" in India despite doing "extremely well" in the country for quite some time. Tim also discussed India's rising middle class, the potential it has and said since most customers across all our product lines are new to the brand, it's a perfect environment for us to grow. " Net-net, I'm over the moon excited about India," he added. Apple saw its quarterly revenue climb 17 per cent to USD 111.2 billion

After the CCI this month gave Apple an ultimatum to submit its financials and scheduled a final hearing on May 21, the company has urged the Delhi HC to urgently intervene to put the matter on hold

As Tim Cook steps down after 15 years, John Ternus inherits a more mature Apple shaped by services growth, rising R&D focus, and India's expanding iPhone market

Apple's leadership shift to John Ternus comes at a critical moment as the company races to catch up in AI and defend its dominance in a rapidly evolving tech landscape

The maps app famously didn't work properly in much of the world, providing users with wrong directions, mislabeled landmarks and a far inferior experience to what was then offered by Google

Apple's next CEO John Ternus is a company veteran who rose through the iPhone maker's hardware engineering ranks but until now has maintained a low profile. Ternus will take over as chief executive in September for Tim Cook, who turned Apple into a USD 4 trillion tech colossus during his 15-year run after the death of co-founder Steve Jobs. Ternus faces challenges that will force him to step out of his comfort zone in hardware engineering. Beyond finding ways to keep Apple competitive in the artificial intelligence race, he will need to navigate supply chain questions and relationships with figures like President Donald Trump, who offered public praise for his predecessor on Tuesday. Although Cook is handing over the CEO reins at Apple, he is widely expected to help the Cupertino, California, company maintain a good relationship with Trump after he shifts over to his new role as executive chairman. Ternus, 50, has spent almost his entire career with Apple. He joined the company 25

Apple said that Cook's work will include engaging policymakers around the world

Apple also is betting that Ternus has a more decisive leadership style, something closer to that of co-founder Steve Jobs

The outgoing CEO Tim Cook, who'll stay on as executive chairman, built up an unprecedented record of success over his tenure

This will be the first leadership appointment at Apple in 15 years since Tim Cook took over the CEO role from co-founder Steve Jobs in 2011

The change aims to simplify the structure of his organisation, which will add thousands of employees and responsibility over the engineering of the iPhone, iPad, Apple Watch and other products

Cook, who took the CEO role from co-founder Steve Jobs in 2011, will stay with the company as executive chairman after the transition set to take place on Sept 1

Ternus, 50, has served as head of hardware engineering since 2021 and spent 25 years focused on product development at the iPhone maker

Stan Ng, who has worked at Apple for 31 years, said Thursday that he is leaving the company

The company is preparing to make the change as part of a Siri overhaul in its upcoming iOS 27 operating system update

Oura, which was valued at $11 billion in a funding round late last year, has been hiring aggressively from Apple in recent years

From Steve Jobs' design philosophy to Tim Cook's ecosystem strategy, Apple's biggest products have repeatedly reshaped the technology industry, though not every gamble worked

Exports in the five-year period accounted for 70 per cent, or $50 billion, of the FOB production value as Apple Inc shipped "made in India" phones across the world