Mac OS Ken Recapping Apple Earnings and Reactions - MOSK: 02.02.2026
Feb 2, 2026
A fast recap of Apple’s blockbuster quarter with record revenue and EPS. iPhone hits an all-time revenue high and the installed base tops 2.5 billion. Services smash a $30 billion record while iPad and Mac trends diverge. Analysts scramble with upgrades and mixed takes on AI, memory constraints, guidance, and market share shifts.
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Host Returned To Big Earnings News
- Ken Ray says he was almost completely disconnected when the results arrived but still absorbed the highlights.
- He uses this to segue into the earnings recap and what analysts are saying.
iPad Growth Driven By New Buyers
- iPad revenue rose 6% to $8.6B with an all-time record for upgraders.
- Over half of iPad buyers were new to the product, expanding the iPad installed base and satisfaction scores.
Wearables Dip From Supply Constraints
- Wearables and Home revenue dipped 2% to $11.5B, mainly due to AirPods Pro 3 supply constraints.
- Apple still reached a wearables installed-base high and saw strong customer satisfaction.