Apple Q2 Earnings Beat at $111.2B Revenue — AI Demand Creates Mac Supply Constraints

TechCrunch·medium signal

Apple reported Q2 2026 revenue of $111.2 billion (+17% YoY), beating guidance despite supply constraints. CEO Tim Cook cited 'extraordinary' iPhone 17 demand, while CFO Kevan Parekh confirmed supply constraints on Mac mini, Studio, and Neo driven by the global memory shortage from surging AI demand. Apple said it will remain supply-constrained on Macs next quarter — a signal that AI workloads are now material enough to affect consumer hardware availability at Apple's scale.